There's been no shortage of discussion about the weather among economists this year as "snow in the winter" took the blame for a bevy of bad data in H1 while summer is Citi's new scapgoat for any weakness in August and September payrolls. Meanwhile, unseasonably mild temps took the fall for poor October retail sales and now, going into the winter, it's all about El Nino.
Based on last week’s developments, which included the launch of an investigation into the world’s largest oil company and the rejection of the most politicized energy project to date, the “above ground” problems for the energy industry are growing much worse. That could complicate the future fortunes of oil and gas companies.
In what amounts to a contravention of the recently inked nuclear deal, Iran has reportedly purchased passenger jets from the UK and is now using them to transport The Quds Force to the front lines in Syria.
It is now open season on "climate change deniers" everywhere.
As FT reports, "some of the European Central Bank’s top decision-makers met banks and asset managers days before major policy decisions, and on one occasion just hours before, copies of their diaries reveal."
One of the most dangerous trends in America today is occurring on college campuses. These are the places we grew up viewing as laboratories for free speech, youthful energy and resistance to the status quo. Unfortunately, what they’re turning into are anti-intellectual wastelands in which America’s supposedly “best and brightest” are being transformed into unthinking, mentally shackled, emotionally stunted automatons. The only thing being produced on college campuses these days seem to be frightened, thoughtless worker-bees, conditioned to shut-up and instinctively worship authority.
Long before Chelsea Manning and Edward Snowden were being castigated for blowing the whistle on the government’s war crimes and the National Security Agency’s abuse of its surveillance powers, it was Lennon who was being singled out for daring to speak truth to power about the government’s warmongering, his phone calls monitored and data files collected on his activities and associations. For a little while, at least, Lennon became enemy number one in the eyes of the U.S. government.
It has been a long way up and quick ride down for SunEdison but bad news keeps piling up for the hedge fund hotel even as it dead-cat-bounces again. As the stock bounces, just as it bounced in September after Steve Cohen's Point72 exposed their stake and JPM jumped to the rescue, uncertainty remains extreme. Amid a surge in debt and increasingly negative operating cash-flow, the plunge in stock (asset) price may have triggered a cross-collateral margin call of around $315 million. Furthermore, mass layoffs are on the cards as the CEO attempts to "optimize" the business.
Despite the arguably undemocratic, obfuscating nature of our nation’s campaign finance laws and the blatant corporatist agenda mandated by the Supreme Court, let’s attempt to break down the major sources of political spending so far in the 2016 presidential election. You may be surprised to find out who is donating money to your candidate — and how that contribution may affect future policy positions.
Over the weekend, the Donald came to Iowa, saw, and then left in his chopper. But not before declaring himself to be America's latest caped crusader. So having gone back to New York, what is keeping the Donald occupied today? The answer: jury duty. Perhaps the reason the media is particularly fascinated with Trump's appearance in court is because it was his first time in six that he decided to respond to a jury duty summons: "The real estate mogul's service came after a state judge in March fined him $250 for failing to respond to summonses to serve jury duty five times since 2006."
"I’ve just slogged through all ninety-two pages of Donald Trump’s financial disclosure submission to the Federal Election Commission, and I can’t make heads or tails of it. I cannot tell how much Trump is worth, if anything. His empire, if he has one, is as mysterious as his haircut, and as impervious as his skyscraper in Chicago - a gigantic phallic mirror named after himself."
Everyone - Including the Iranian Public - Knows that the Mullahs of Iran are Total A$$H@les, But ...
Having told Jimmy Kimmel that he "would love to" appoint Sarah Palin to his cabinet, The Washington Post asks (and answers), just what would a trump cabinet look like?
In the middle of the biggest criminal scandal involving the Fed, but also an FT-owned expert network (an FT which until today was owned by Pearson), the expert network known as Medley Global Advisors just changed its owners, from the FT/Pearson to Japan's Nikkei, in a transaction advised by Rothschild for the buyer and Goldman, Evercore and JPM for the seller.