Hedge Fund Managers Expect "Massive" Pay Cut In 2016

Portfolio managers at hedge funds, facing an exodus of investors frustrated with high fees, are about to feel the pain from an estimated 34 percent reduction in their compensation. “2016 should prove to be a belt-tightening year. This pessimistic viewpoint is justified, given the poor industry performance.”

Iran Asks For "Billions Of Dollars" In Ransom To Release Another Two US Hostages

Iranian news sources close to the country’s Revolutionary Guard Corps, or IRGC, which has been handling prisoner swaps with the United States, reported on Tuesday that Iran expects “billions of dollars to release” those U.S. citizens still being detained.” “We should wait and see, the U.S. will offer … several billions of dollars to release” Siamak Namazi and his father Baquer, who was abducted by Iran after the United States paid Iran a $1.7 billion ransom.

Swedish Prosecutor Rules Islamic State Flag Is Legal: "It Expresses Contempt For All Others"

A Swedish prosecutor has ruled that the ISIS flag does not constitute hate speech and is therefore legal under Swedish law. Prosecutor Gisela Sjövall announced last week that she would not prosecute a 23-year-old man who had posted the black ISIS flag on his Facebook page in June. "Put simply, one can say that he is expressing contempt for “all others”, and not against a specific ethnic group."

US Paid Iran Another $1.3 Billion In Cash In Form Of Swiss Francs, Euros And Other Currencies

One month ago, a scandal erupted when it emerged that the US had made a $400 million cash delivery to Iraq (in foreign currencies) to facilitate the release of 4 US hostages held by the regime; many promptly called it a ransom payment. Overnight the WSJ confirmed that this was just a part of a bigger shippment of cash, when it reported that the Obama administration followed up a planeload of $400 million in cash sent to Iran in January with two more such shipments in the next 19 days, totaling another $1.3 billion.

US-Trained Special Ops Fighter Is The Islamic State's New Top Commander In Iraq

Gulmurod Khalimov, a former paramilitary unit commander of the Tajikistan armed forces who received his battlefield training from American advisors and even came to the United States on several occasions, has become the top ISIS battlefield commander in Iraq after defecting last year and swearing jihad against the West.

Russia, US Clash Over Who Killed Islamic State's Second In Command

On Tuesday, the Islamic State announced that Mohammad al-Adnani, the man who some have dubbed the terrorist organization's "second in command", was killed depriving the militant group of the man in charge of directing attacks overseas. His death marks the highest-profile killing yet of an ISIS member.

The Right To Dissent

The irony is that these censors and would-be censors, such as the European Commission, the Dutch and Austrian courts, Facebook, Twitter are using their freedom of expression to suggest that someone else be robbed of his freedom of expression.

Oman Refuses To Attend Algeria Oil Producer Meeting, Leaving OPEC Oil "Plan" In Limbo

Oman will not participate in a meeting of oil producers and consumers in Algeria next month as it is disappointed by the group's failure to address the issue of low oil prices, Minister of Oil and Gas Mohammad bin Hamad al-Rumhy said on Wednesday.  "We are moving into difficult times, and others still believe that everything will be fine. Those who expected the expensive oil producers will be run out of the business and shut down their operations, have been proved wrong."