Moments ago we learned that none other than that ultimate "arbiter" on all things moral and ethical, Apple itself, entered the fray with a decision to remove all Civil War games from its App Store! According to MacRumors, "Apple has removed seemingly all Civil War games from the App Store for displaying the Confederate Flag in "offensive and mean-spirited ways," our sister website TouchArcade has learned. Apple has sent a removal letter to affected developers to inform them that their app does not comply with Section 19.1 of the App Store Review Guidelines."
- Greece Handed New Terms as Tsipras Approaches Decision Time (BBG)
- As U.S. Probes $12.7 Trillion Treasury Market, Trader Talk Is a Good Place to Start (BBG)
- Signs Swedish QE Backfiring as Liquidity Evaporates (BBG)
- ECB approves ELA funding requested by Greece- banking source (Reuters)
- Greek Millennials Can't Find Work But Actually Want to Keep the Euro (BBG)
- Greek deal or not, the euro is now a different beast (Reuters)
- Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge (BBG)
- The World's Biggest Economies Are About to Feel the Impact of China's Slowdown (BBG)
- Senate Clears Trade Bill’s Way to Passage (WSJ)
Time for the musicians to learn the lessons that the video guys in Hollywood learned from them...
- Greek PM optimistic on debt deal as banks bleed (Reuters)
- Greek central bank chief says banking system stable (Kathimerini)
- ECB Said to Confer on Emergency Greek Aid Amid Cash Flight (BBG)
- More tax "avoidance": Citigroup to shift European retail banking HQ to Dublin (Reuters)
- Florist's tip led police to Charleston shooting suspect (USAToday)
- Asian shares edge higher on Fed caution, China sell-off intensifies (Reuters)
- Toyota in damage control mode after American exec arrested (Reuters)
- Venezuela Oil Loans Go Awry for China (WSJ)
Both France and Belgium have moved to freeze Russian state assets on Thursday, prompting an angry response from Moscow and serving to further inflame tensions between Russia and Europe amid escalating violence in Ukraine and an increasingly aggressive stance towards the Kremlin on the part of Washington and NATO.
Believe it or not: GREECE AID TO BE EXTENDED UNTIL YR-END W/O IMF: DIE ZEIT
... NOT! GERMAN NEWSPAPER ZEIT REPORT ABOUT CONCESSIONS MADE TO GREECE BY CREDITORS HAS NOTHING TO DO WITH REALITY, SUCH A PROPOSAL WOULD DEFINITELY NOT FLY - EU DIPLOMATS
European creditors will reportedly consider writing down their Greek debt in order to get the IMF back to the table and make the country's long-term prospects more sustainable. Meanwhile, Greeks are taking to the streets and one portfolio manager warns of anarchy.
As the calls for a cashless society grow louder, Bundesbank chief Jens Weidmann still believes "every citizen should continue to pay as he wants, so, cash or cashless."
- Greek PM sticks to hard line as contagion hits euro zone bonds (Reuters)
- Greek Deadlock Has Leader Hoping for Miracle to Avoid Default (BBG)
- Greek Showdown Puts Merkel's Teflon Legacy at Risk (BBG)
- Greek standoff saps Europe, dollar swings ahead of Fed (Reuters)
- Allianz Increased Holdings of Greek Debt as Its Largest Investor (BBG)
- French Bonds Infected as Greek Crisis Swells Euro-Region Spreads (BBG)
- Statoil to cut 1,500 more jobs as savings drive intensifies (FT)
- UnitedHealth, Anthem Seek to Buy Smaller Rivals (WSJ)
- Five Million Reasons Why China Could Go to War (BBG)
Just as we hinted earlier when we reported that the ECB may use the "nuclear option" on Wednesday and yank Greek ELA, here comes German Suddeutsche Zeiting with a report that Eurozone countries have reached a Greek emergency plan which calls for the imposition of capital controls on Greece if no deal is concluded by the weekend.
Despite 'generously' offering his resignation just hours after being re-elected FIFA President following the massively wide-spread scandal; Swiss newspaper Schweiz am Sonntag is reporting, thanks to "generous messages of support from Asia and African colleagues," Sepp Blatter is considering remaining in charge of the fraudulent festering football fiefdom.
An odd occurrence took place this past week in the “Land of Unicorns” aka Silicon Valley. The first of what was once described as the “future of social media” canary’s Twitter™, was suddenly struck by the “Where’s The Money” kingdom aka Wall Street. Suddenly, what was once the dulcet tones for acquiring investment capital “eyeballs to monetize” is now being answered by the investment crowd in a much more sobering tone of “Where’s the monetized money?!”
"As young technology companies jostle for investors who will pour money into the firms as they try to make it big and strike it rich, some companies are using unconventional financial terms," WSJ reports. This will end badly for someone, if not for the founders and VCs who will have long since cashed out with their fortunes in tow by the time reality comes calling and everyone suddenly realizes that valuing companies that have no hope of monetizing their product at infinty-times-daily-direct-eyeballs was probably not a great idea.
How Accredited Investors Can Beat The Institutions In Monetizing The Unfolding, Misunderstood Paradigm Shift In FinTechSubmitted by Reggie Middleton on 06/12/2015 11:50 -0400
Step by step instructions on how to make money the old fashioned way in a new fangled technology world!
Welcome to the new normal... The "if we build it (and offer credit to anyone who can fog a mirror), they will come" economy. While LeBeau and his cronies are cock-a-hoop over auto sales (no matter how those sales are achieved), it seems the carmakers are way ahead as the value of cars on the sidelines (inventories) has never, ever, been greater than now.