Fresh Start

Is Bankruptcy For Illinois The Answer?

Could a formal bankruptcy proceeding for the State of Illinois be the answer to it’s fiscal crisis? If you think that’s out of the question, as many do, you’re wrong.

EU Celebrates 60th Birthday As European Leaders Scramble To Hold "Fraying" Union Together

Today in Rome, the EU celebrates its 60th anniversary. The celebration comes at a strange time: four days earlier, Theresa May delivered an unprecedented blow to the bloc's growth by filing Britain's formal exit papers. The impending Brexit and tens of thousands of protesters gathering beyond the tight police cordon around the Campidoglio palace offered a more sober reminder of the challenges of holding the 27 nations to a common course.

Global Stocks Rise, S&P Futs Flat As Dollar Rebounds Ahead Of Critical Week For Markets

European bourses advance and Asian share rose led by a surge in Hong Kong stocks which rose the most in three months as Japan hit 15 month highs. U.S. futures are little changed along while the dollar rebounded from session lows after Friday's selloff. Crude oil has continued its retreat, down 0.2% and sliding for a 6th straight day after breifly dropping below $48 in overnight trading.

Starbucks Announces Plans To Hire 10,000 Refugees

"There are more than 65 million citizens of the world recognized as refugees by the United Nations, and we are developing plans to hire 10,000 of them over five years in the 75 countries around the world where Starbucks does business" - Howard Schultz

West On Edge As Erdogan Meets With Putin: "Turkey's Relations With The US Are The Worst In 50 Years"

In a slap to the face of its Western friends, as the FT puts it, instead of visiting a Nato ally, Erdogan's first trip abroad since surviving last month’s coup attempt the Turkish president is going to Vladimir Putin’s Russia. As one Turkish diplomat in Moscow said: “Our relations with the US are the worst in 50 years  . . .  and that definitely makes engaging Russia an attractive option.” Needless to say, Putin will be most delighted by this development...

From Monica To Loretta - The Clintons Corrupt Absolutely

Wherever they go, whatever they do, ethics are trashed and suspicions of criminal conduct follow them like night follows day. It’s who they are and it’s self-delusional to believe another stint in the White House would make the Clintons better people. Power exacerbates rather than cures an absence of integrity. Yet there’s another dimension to their chronic crookedness. It is that, in addition to being personally corrupt, the Clintons are corrupters.

After Brexit: The System Cannot Hold

The overwhelming underlying principle that we see at work here is that centralization is dead, because the economy has perished. But that is something we can be sure no politician or bureaucrat or economist is willing to acknowledge. They’re all going to continue to claim that their specific theories and plans are capable of regenerating the growth the system depends on. Only to see them fail. It’s high time for something completely different, because we’re in a dead end street.

Beijing Orders Apple To Stop Sales Of iPhone 6 Models

Apple has been told by Beijing's intellectual property regulator to stop sales of the iPhone 6 and iPhone 6 Plus in the city. The two iPhone models infringe on a Chinese patent for exterior design held by Shenzhen Baili for its 100C smartphone, the Beijing Intellectual Property Bureau wrote in a statement on its website

Valeant Shares Plunge Again After Company Slashes Guidance

The bad news for Valeant shareholders just keeps coming.  After repeatedly cutting its guidance in the past several months, earlier today VRX once again cut guidance dramatically, sending shares plunging by 10% in the premarket. In its just released Q1 results, which missed non-GAAP EPS expectations of $1.37 by 10 cents, the company took the knife to its latest set of full year 2016 projections.

China Is Now Conducting "Security Reviews" On Foreign Tech Products

"China must find a middle ground and determine which things can be imported but have to be secure and controllable; which things may be imported, digested and absorbed for re-innovation; which things can be developed in collaboration with others; and for which things we must rely on our own strength and indigenous innovation." - Xi Jinping