• Tim Knight from...
    09/29/2014 - 19:50
    Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for...

WABC

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And Then The "Wheels Just Came Off"... Or The Perfect Metaphor For The US (And Chinese) Economy





 
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Frontrunning: January 18





  • Foreign Hostages Die in Algeria’s Battle With Terrorists (Bloomberg)
  • The latest bank to soon join the currency wars: McCafferty Says BOE Must Keep Open Mind on New Policy Tools (Bloomberg)
  • US debt talks complicated by timing (FT)
  • BOJ eyes open-ended asset buying, agrees new inflation goal (Reuters)
  • AmEx Says U.S. Card Income Fell 42% as Loss Provisions Increased (BBG)
  • Call to raise age for US’s Medicare (FT)
  • Obama Promise to Raise Middle Class Living Already Seen in Peril (BBG)
  • China Exits Slowdown as Quarterly Growth Tops Forecasts (BBG) - actually, as new Politburo says to make it appear that way
  • Britain to drift out of European Union without reforms (Reuters)
  • Republicans weigh interim debt-limit hike (FT)
  • Abe's aide says Japan shouldn't fret if yen falls to 100 vs dlr (Reuters) ... and it was 90 just a few days ago
  • PBOC May Seek More Liquidity Operations (Dow Jones)
 
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Newtown, CT Elementary School Shooting Tally Rises To 27 Dead, Of Whom 20 Children - Live Video





Update 3: Adam had Aseprger Syndrome - a high functioning form of autism. In other words, watch as the debate rages over the traditional bogeyman of gun control, in a country with over three hundred million weapons, when we may well simply be talking about a mentally ill young adult.

Update 2 : NY Post now refuting CNN's initial report, and stating that the shooter's real name is Adam Lanza, not Ryan Lanza, who is instead brother of the latter. At this point there appears to be a ridiculous amount of confusion who did what, so it perhaps would be prudent on behalf of the authorities to double check this information before releasing it to the media.

Update: According to CNN the shooter's name is Ryan Lanza, out of New Jersey. Based on a White Pages reverse lookup there is an 18-24 year old Ryan Lanza living in Hoboken, NJ whose FaceBook profile lists Newtown, CT as his home city. Whether it is the same person remains to be confirmed officially.

Sadly, increasingly it appears that not a day, and certainly not a week can pass, in the US without news of some mass killing somewhere. Several days ago its was a mall in Oregon, and today it is a shooting rampage at the Sandy Hook Elementary school in Newtown, Connecticut. Here is what is known: the shooter, who CBS reports is a 20 year old from New Jersey, is reported to be dead. According to CBS 27 people are dead, of whom 18, Connecticut Post 27 people are dead, of whom 20 tragically, children. Among the dead are the principal and the school psychologist. The AP has already dubbed it "the worst school tragedy in American history."

 
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Frontrunning: September 14





  • Weeks before U.S. election, Mideast gives Obama perfect storm (Reuters)
  • Clashes intensify near US embassy in Cairo (Al Jazeera)
  • Puppet governments in trouble: Mursi Risks Rift With U.S. or Voters as Islamists Rally (Bloomberg)
  • Protests Put Egypt Relations on Edge (WSJ)
  • Fed insists politics had no role in decision (FT)
  • UBS "rogue trader" fraudulently gambled away $2.3 billion, court told (Reuters)
  • Obama Holds Lead in Three Key States (WSJ)
  • China's Xi recovering from bad back, could appear soon - sources (Reuters)
  •  Japan voices anger over Chinese incursion after vessels entered waters around disputed Senkaku islands  (FT)
  • Goldman Scales Back Junior-Analyst Program; No Contracts for College Hires (WSJ)
  • China commentary slams Romney's "foolish" China-bashing (Reuters)
  • Aging Baby Boomers Face Losing Care as Filipinos Go Home (Bloomberg)
 
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