• 03/29/2015 - 10:03
    Do our childish minds really think those whom we blindly empower will scurry away like cockroaches exposed by the refrigerator light and leave us be after the fall? Really? Are we serious?

Comcast

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Frontrunning: March 4





  • RBS to cut up to 14,000 jobs in investment banking unit (FT)
  • Doctors, patients scramble ahead of high court Obamacare decision (Reuters)
  • Rajan Cuts India Rates After Modi Agrees to Inflation Target (BBG)
  • Russia’s Putin Makes First Public Comments on Killing of Boris Nemtsov (WSJ)
  • House breaks impasse, passes security funding without provisions (Reuters)
  • How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge (BBG)
  • Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices (WSJ)
  • Sahara India Defaults on Luxury Hotel Loans From Bank of China (BBG)
 
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FCC Votes In Favor Of Obama's Net Neutrality - Has The Slippery Slope To Web Censorship Begun?





"An open Internet is essential to the American economy, and increasingly to our very way of life," according to President Obama and it appears his perspective on the heavy hand of government regulation inserting itself into the last bastion of freedom and dynamism in the US economy, is how best to achieve "openness." Having pressured FCC's Tom Wheeler, the vote just came down: U.S. FCC APPROVES NET NEUTRALITY INTERNET RULES IN 3-2 VOTE. While potentially good for a consumer's pocketbook, the handing over of "fair-use" decision to the government, as we previously noted, could be the first step on a slippery slope to increased censorship. Welcome to "internet of political things."

 
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Frontrunning: February 9





  • Greek Risk Draws Global Concern on Lehman Echo Warnings (BBG)
  • Merkel to urge caution in U.S. as pressure builds to arm Ukraine forces (Reuters)
  • West Races to Defuse Ukraine Crisis (WSJ)
  • German-French Push Yields Ukraine Summit Plan With Putin (BBG)
  • Swiss Leaks lifts the veil on a secretive banking system (ICIJ)
  • Italy Lenders Seen Cleansing Books Amid Bad-Bank Plans (BBG)
  • G-20 Finance Chiefs Face Tough Test in Istanbul (WSJ)
  • Demand for OPEC Crude Will Rise This Year, Says Group (WSJ)... or rather prays
  • U.S. Banks Say Soaring Dollar Puts Them at Disadvantage (WSJ)
 
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Shameless! Meet 7 Congressmen Who Joined Lobbying Firms Less Than A Month After Leaving Office





If there was a walk of shame for so-called Congressional “representatives,” this list would serve as an excellent starting point. Their actions serve as definitive proof that the vast majority of politicians are only in it for money and power. They could care less about “public service” or being statesmen. If that was truly their calling in life, they wouldn’t immediately turn around and join lobbying firms the moment they leave office. Yet all they do is cash in. That’s all they ever do. The most amazing part about this article is that “by law, ex-House members are required to wait one year before they can officially lobby lawmakers on the Hill.” Naturally, professional liars and thieves won’t let something as pedestrian as ethics or rules get in the way. If there’s one thing politicians are good at, it’s finding loopholes.

 
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Frontrunning: January 23





  • Saudi Arabia’s New King Probably Will Not Change Current Oil Policy (BBG)
  • Saudi King’s Death Clouds Already Tense Relationship With U.S. (WSJ)
  • Oil Pares Gains as New Saudi King Says Policies Stable (BBG)
  • Kuroda Says BOJ to Mull Fresh Options in Case of More Easing (BBG)
  • U.S. pulls more staff from Yemen embassy amid deepening crisis (Reuters)
  • Putin Said to Shrink Inner Circle as Hawks Beat Billionaires (BBG)
  • A Few Savvy Investors Had Swiss Central Bank Figured Out (WSJ)
 
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3 In 5 Americans Don't Have Savings To Cover Unexpected Bills





While various CNBC anchors may be willing to say that the US is "growing gangbusters" yet again confusing the liquidity-oozing equity markets with the economy, there are a couple hundred million Americans who would bet to differ (which incidentally may also explain why the Comcast channel no longer wishes to have its viewership calculated by Nielsen): the reason is that according to the latest Bankrate survey released today, more than three in five Americans don't have money in their savings accounts to cover any unexpected bills such as a $500 car repair or a $1,000 emergency room visit. In fact, only 38% of respondents said they have enough funds in their bank accounts to cover even the most mundane of spending emergencies.. Most others would need to take on debt or cut back elsewhere.

 
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Days After Zero Hedge Report Of Its Plunging Ratings, CNBC Stops Using Nielsen





It was less than a week ago when Zero Hedge broke the news that for CNBC, 2014 Was The Worst. Year. Ever. Much to the embarassment of CNBC, its staunch defender David Rosenberg, and not to mention its advertisers who realized they overspent substantially for the reach they were promised and received instead, the report promptly went viral. Five days after our Nielsen-sourced report before the Comcast-owned channel announced it would no longer be subject to the humiliation of Zero Hedge periodically revealing its crashing viewership and, as WSJ revealed today, "CNBC will no longer rely on TV ratings specialist Nielsen to measure its daytime audience, beginning later this year. Instead, it has retained marketing and research firm Cogent Reports for the task."

 
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Frontrunning: December 23





  • Christmas rally enters sixth day in Europe (Reuters)
  • Downing North Korea's Internet not much of a scalp (Reuters)
  • North Korean Internet Access Restored After Hours-Long Outage (BBG)
  • At U.N. council, U.S. calls life in North Korea 'living nightmare' (Reuters)
  • Ukraine Cuts Gold Reserve to Nine-Year Low as Russia Buys (BBG)
  • De Blasio Seeks to Heal Rifts With Police After Officers Slain (BBG)
  • Oil steady around $60 on hopes of strong U.S. data (Reuters) - so it fell below $60 because...
  • Australian Dollar Hits Four and a Half Year Low on Chine Growth Worries (Reuters)
 
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2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?





Despite the authorities' best efforts to keep everything orderly, we know how this global Game of Geopolitical Tetris ends: "Players lose a typical game of Tetris when they can no longer keep up with the increasing speed, and the Tetriminos stack up to the top of the playing field. This is commonly referred to as topping out."

"I’m tired of being outraged!"

 
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How Pennsylvania Is Selling Residency To Chinese "Investors" For $500k Each





Did you know that there exists a federal Immigrant Investor Program that grants “EB-5? immigration visas to foreigners who provide at least $500,000 to U.S. projects that create 10 or more American jobs? Apparently the good folks at the Pennsylvania Turnpike Commission are well aware of it, and are using it to raise $200 million. Here’s what we’d like to know. Who are these investors and who vets them? It is a known fact that corrupt Chinese officials and businessmen are scrambling to get themselves and their money out of their homeland as the government cracks down on corruption. How many of them are going to use this program to get into the U.S., and what will be the long-term impact to our society?

 
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Frontrunning: November 17





  • Scuttled deals worth $580 billion put hedge funds on back foot (Reuters)
  • Mounting Pressure on OPEC Spurs More Wagers on Oil Rally (BBG)
  • It's not just US real estate: Chinese Students at U.S. Universities Jump 75% in Three Years (BBG)
  • Frankfurt Open for Yuan Clearing as Liquidity Rises (BBG)
  • Obama defends healthcare law after adviser criticism (Reuters)
  • Michael Hasenstab Bets Big in Controversial Places (WSJ)
  • Facebook seeks foothold in your office (FT)
  • Russia Seen as Greatest Threat in Poll as Oil Erodes Putin Power (BBG)
  • Falling Oil Prices Test OPEC Unity (WSJ)
 
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Frontrunning: November 14





  • "The hate us for our..." Americans’ Cellphones Targeted in Secret U.S. Spy Program (WSJ)
  • Ukraine and Russia take center stage as leaders gather for G20 (Reuters)
  • Moscow and Kiev trade accusations; U.S. warns Russia against escalation (Reuters)
  • Heartland Central Banker Calls Asset Bubbles Top Concern (BBG)
  • U.S. Said to Give Banks December Deadline in FX Probe (BBG)
  • Series of Failures Enabled White House Breach, Report Finds (WSJ)
  • Yen plumbs seven-year trough on likely Japan sales tax delay (Reuters)
  • JPMorgan Chase Bankers Said to Lead Moscow Departure (BBG)
 
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Frontrunning: November 13





  • Moar central banks! Asian Stocks Rise Amid Stimulus Speculation; Topix Jumps (BBG)
  • Syria rebels in south emerge as West's last hope as moderates crushed elsewhere (Reuters)
  • Bufett's Berkshire to Buy Duracell Business From Procter & Gamble in $3B Deal (AP)
  • Weak Demand, Real-Estate Slump Signal Headwinds for China (WSJ)
  • China Slowdown Deepens as Leaders Said to Mull Cutting Target (BBG)
  • Saudis Reject Talk of OPEC Market Share War as Oil Slides (BBG)
  • Oil Tankers Stream Toward China as Price Drop Sparks Boom (BBG)
 
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Frontrunning: November 12





  • Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
  • Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
  • Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
  • Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
  • Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
  • Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
  • Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
  • Some unhappy Yahoo investors asking AOL for rescue (Reuters)
 
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"Who Do You Trust?"





"We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must." - Cramer

"Seek not the favor of the multitude; it is seldom got by honest and lawful means. But seek the testimony of few; and number not voices, but weigh them." - Immanuel Kant

 
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