Private Jet

Trickle-Down Crash? Trophy Assets Suddenly Tanking

One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big banks to favored clients, and from there into trophy properties like high-end real estate, superyachts, and fine art. This might be the first financial bubble to completely bypass the 99%. And now it’s ending...

Hilllary Reveals Role Bill Would Play In Her Administration

A recurring question during Hillary Clinton's presidential campaign has been what, if any, role her husband the "First Gentleman", Bill Clinton will hold.  Yesterday, she finally have some hints toward answering this question. At a campaign stop in Fort Mitchell, Ky., Clinton said her husband would be "in charge of revitalizing the economy."

"I'm 100% Sure" The US Presidential Campaign Is Being Tampered With

There is a growing recognition of the increasing tail wagging the dog nature of the internet's control over election outcomes. We recently detailed "the hidden persuaders" at work showing how the internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do. Confirming all of this to be chillingly true is Andrés Sepúlveda, who rigged elections throughout Latin America for almost a decade. On the question of whether the U.S. presidential campaign is being tampered with, he is unequivocal - "I'm 100 percent sure it is."

'Insolvent' US Government Spends $375k To Study Senior-Citizen Dating Habits

It was just a few weeks ago that the International Monetary Fund predicted that Saudi Arabia would likely be bankrupt within the next five years. Saudi Arabia’s financial position is deteriorating rapidly, and the government is burning through cash like a coked-up rock star.  The Saudis followed this up with plans now to build the world’s tallest skyscraper, which would stand a full kilometer in height. Seriously, what are these people thinking? What kind of idiot goes out of his way to blow through cash when he’s rapidly going broke? Why, the United States of America of course.

Another Taxpayer-Funded Bailout, This Time For A Canadian Private Jet Maker

Once more in this new normal in which we 'live', the necessary creative destruction of capitalism is eschewed in favor of saving a zombie company that the CEO admitted was "overwhelmed." The good news for American taxpayers is that it is Canadian taxpayers - via a generous $1.3 billion 'investment' by the Quebec government - that are bailing out private-jet-maker Bombardier. Following aircraft projects plagued by overruns, missed deadlines, and scant interest from airlines, Bombardier posted a $4.9billion loss in Q3. Well never mind that, Quebec taxpayers now own 49.5% of the challenged CSeries program.

Osama bin Laden Sister, Stepmother Killed In Private Jet Crash

We didn't think much yesterday morning when we read reports that a 2010 Embraer Phenom 300 private jet, with a Saudi Registration HZ-IBN, crashed at a car auction site in Hampshire. Just like one year ago, the reason for the importance of the crash was made apparent only hours later.  Shortly after the crash, reports in UK media outlets, including the Daily Mail and Mirror, alleged that the $11 million jet was owned by Jeddah-based Salem Aviation, a company named after Osama bin Laden’s elder cousin, who himself was an amateur pilot and died in a plane crash. Among the other casualties: Osama bin Laden's sister and stepmother.

Tales From The Bizarro World

Some events make us question in which of the two we might actually be living in: what if it was some version of Bizarro?

It Cost US Taxpayers At Least $250,000 To Repatriate A Bicycle-Challenged John Kerry

The somewhat farcical journey home from Europe for Secretary of State John Kerry continues. As we noted previously, after breaking his leg on an arbidged Tour de France'-esque accident in which he hit a curb, he was flown to Geneva in a helicopter where he was "stable and never lost consciousness," which makes sense (unless as many have suggested his brain lies considerably lower in his body than most humans). But then the escapade got beyond unreal as The White House sent a massive "specially-equipped" C-17 airplane (used to carrying over 100 combat troops and equipment into battle) to fly him to Boston for surgery. We assume he is covered by Obamacare, since the cost of this rescue mission - assuming roughly 10 hours flight-time - is at least $250,000... and all to avoid an Iran deadline no one expects to meet...

More Clinton Cronyism: Selling Uranium Interests To Russia While Hillary Was SecState

"As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show, a flow of cash made its way to the Clinton Foundation... Since uranium is considered a strategic asset, with implications for national security, the deal had to be approved by a committee composed of representatives from a number of United States government agencies including the State Department, then headed by Mr. Clinton’s wife, Hillary Rodham Clinton... And shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock."