Dubai

The 1% Has Started To Embrace Bitcoin - Why It Matters

"2017 has been the year when an increasing portion of the 1% finally started to embrace Bitcoin... more wealthy people moving into the space helps provide some degree of political protection since we know that people with significant financial resources influence public policy. "

Frontrunning: August 31

  • Katrina Survivors Relive Nightmare (WSJ)
  • Harvey drenches Louisiana, sparks blast at Texas chemical plant (Reuters)
  • Immigration crackdown could slow rebuilding efforts (Reuters)
  • Kushners’ China Deal Flop Was Part of Much Bigger Hunt for Cash  (BBG)
  • U.S. bombers drill over Korean peninsula after latest North Korea launch (Reuters)

Saudi Arabia's Orwellian "Development Plans" For The Shia Town It Just Flattened

Saudi Arabia's ability to engage in overt sectarian cleansing of its Eastern province with complete impunity is made glaringly evident by the fact that its state-run media can openly post Orwellian "urban development" plans for a zone now being flattened by government bulldozers accompanied by sectarian sloganizing special forces troops. Meanwhile, there's not a peep from Western capitals...

Frontrunning: August 7

  • Futures slightly higher after Dow's record run (Reuters)
  • Tillerson says U.S., Russia can settle differences (Reuters)
  • Hot-Stock Rally Tests the Patience of Value Investors (WSJ)
  • ‘Good Conservative’ Grassley Ramps Up His Panel’s Trump-Russia Probe (BBG)
  • Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip (WSJ)

Pakistan Plunges Into Political Turmoil After Prime Minister Ousted For Corruption

Pakistan plunged into political turmoil when its Prime Minister Nawaz Sharif resigned shortly after the Supreme Court ousted him from office on Friday following an investigation into allegations of corruption centering on undeclared offshore assets.  The court disqualified Sharif for not being “honest”, a requirement for lawmakers under Pakistan’s constitution, something the US sorely needs to amend as well.

The Myth Of India's Information Technology Industry

"The Indian IT industry and most Indian businesses are run by people who are more akin to power-brokers and traders. In IT, they have just created a story and traded Indian 'coolies' for wage-arbitrage.  For them IT jobs are passports to get Green Cards and go to US...Inside the country, Indians have increased their gold hoarding...Those who can are moving their gold and wealth abroad."

Arab States Meet To "Deliver Verdict" On Qatar Response To Ultimatum

Foreign ministers of Saudi Arabia, the United Arab Emirates, Egypt and Bahrain are meeting in Cairo today to consider whether to escalate, or less likely abandon, the boycott imposed on Qatar last month that has rattled a key oil-producing region and unnerved strategic Western allies.