"I had an apartment in Chicago. It was tiny and expensive. I was miserable. I moved back... My parents have done so much for me, and now they're letting me live here rent-free, so I try to help out. I pick up my sister from school, do the dishes or whatever chore needs to be done. My mom makes dinner. We all work as a team."
Overnight things went from comical to farcical overnight when the Venezuela gift kept on giving, and the nation expanded the three-day weekend to five days, declaring a two-day work week for government workers, adding it was seeking international help to save its power grid amid a drought that threatens the capital’s main source of electricity. The two-day work week, after the government added Wednesdays and Thursdays as non-working days to save more power.
- The Fed Is Meeting in April to Talk About June (BBG)
- Global stocks, oil prices climb as investors ready for Fed (Reuters)
- Apple Results to Show How Far iPhone Sales Have Fallen (BBG)
- On Election Eve for five states, Trump rips Cruz and Kasich (Reuters)
- President Xi Jinping’s Most Dangerous Venture Yet: Remaking China’s Military (WSJ)
- Oil's Recovery Inches Higher as 'Fracklog' Awaits Price Trigger (BBG)
- Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
- Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
- The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
- Oil Producers Lock In Once-Snubbed Prices (WSJ)
- Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
- 11,000 jobs at risk as BHS teeters on brink (The Times)
A 16-year old boy who was shot in the knee marked the 1,000th gunshot victim in Chicago this year, as the city returns to a level of shootings not seen since the 1990's. This past Wednesday, Chicago reached 1,000 victims months earlier than the previous four years. The number of shooting victims year-to-date is up 66.7% from 2015, and 107% from 2014.
Why do they hate Donald Trump? Why has the Establishment pulled out all the stops in an effort to smear him, stop him, and crush him underfoot?
It certainly says something when the individuals with wealth continue to plot their escape from society. Are things crumbling? Teetering on edge? The smart money says get ready to get out.
As time goes on the city of Chicago is rapidly turning into a crime infested hell hole, rife with poverty, debt, and racial tension. The city is well on its way to joining the likes of Detroit, and there may be no escaping that eventuality. That’s why many of the city’s wealthy elites are getting the hell out of there. The Chicago Tribune reports that roughly 3,000 millionaires have left the city over the past year alone, which amounts to about 2 percent of their wealthy population. This is the largest exodus of wealthy people in the United States, and one of the largest in the world.
Maduro has expanded his mid-March decree, and designated every Friday in the months of April and May as a non-working holiday in his ongoing bid to save electricity as a prolonged drought pushes water levels to a critical threshold at hydro-generation plants. In a televised appearance, Maduro said "I call on families, on the youth, to join this plan with discipline, with conscience and extreme collaboration to confront this extreme situation” of the drought blamed on the El Nino weather system.
Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a report by New World Wealth. About 3,000 individuals with net assets of $1 million or more (not including their primary residence) moved from the city last year, representing about 2% of the city's high net worth individuals. It is unclear where they went: cities in the United States that saw a net inflow of millionaires included Seattle and San Francisco. One thing is certain: they couldn't wait to get out.
While we recently shown the statistics behind Chicago's record gun violence spree, nothing could prepared us for this jarring example of just how bad gun violence in Chicago truly is. The following graphic footage shows a Chicago resident gunned down Thursday while live-streaming the entire event on Facebook, as he stood on a street corner. The man falls to the ground as the suspect stands over him continuing to fire shots.
Gun violence in the windy city is on track to post its worst year in the 21st century, the result of an unprecedented surge in gun deaths in the first three months of the year. By March 31, 141 people had been killed, according to the Chicago Police Department. On Thursday, eight were shot and two of them died in one hour alone, Chicago Police said.The 141 deaths in the first three months of the year mark a 71.9% jump from the same period in 2015, when 82 people were killed. It's the worst start to a year since 1999, when 136 people died in the first three months the year
“While their contributions will diminish slightly, the condition of the funds will revert back to something that is totally unsustainable and in danger of being completely insolvent within 10 to 15 years. Hundreds of millions in savings from rationalized pension benefits will be lost that will either have to be made up from reductions in city services, increased taxes or by allowing these funds to further deteriorate."
Activist Hedge Fund Starboard, Expert On Salt Content Of Pasta Water, Now Wants To Overthrow Yahoo's BoardSubmitted by Tyler Durden on 03/24/2016 08:27 -0400
A year and a half after Starboard proposed that the only thing Oliver Garden needs to attract new clients is to change the salt content of its pasta water, the activist fund has just unleashed a campaign seeking to overthrow the entire board of Yahoo, because the fund which clearly was a nutritional expert in late 2014, now thinks that its 1.7% in YHOO stock hodlings entitle it to the intimate knowledge of just how to "fix" Yahoo. Perhaps, the thinking goes, all it takes for people to start using Yahoo again is a new board?