News That Matters
The Start Of China's Unrest? Southern China City Rocked By "Massive" Bomb Explosions, At Least 6 DeadSubmitted by Tyler Durden on 09/30/2015 14:22 -0500
After all that...
*TWITTER SAID TO NAME JACK DORSEY CEO, RE/CODE SAYS
Did no one else want the job? And TWTR stocks jumped to run stops above 1-week highs as we presume this removes some uncertainty...
For the first time since 2009, all six major Fed regional activity surveys are in contraction territory... time to hike rates?
News That Matters
Can you hear me now?
— Edward Snowden (@Snowden) September 29, 2015
"In the Twitter-storm furor over Turing’s recent one-drug price gouge attempt, the media has overlooked the reality that Martin Shkreli was created by the system. Shkreli is merely a rogue trying to play the gambit that Valeant has perfected." And there you have it: boost the prices of dozens of drugs in the span of 1-3 years anywhere between 100% and 800% and nobody notices (thank you insurance companies). But hike the price of one drug by 5,500% and suddenly all of America thinks you are satan incarnate.
As part of his UN speech seeking to restore a crumbling Pax Americana, president Obama, eager to cover up US involvement in the Ukraine presidential coup of early 2014 (who can forget Victoria Nuland "strategy" interception in which she laid out the post-coup lay of the land, while saying to "fuck the EU"), just said that "America has few economic interest in Ukraine." Few, perhaps, but quite substantial.
Republican presidential nominee front-runner Donald Trump, amid massively variant poll numbers (Fox >40%, WSJ ~21%?), plans to unveil his tax plan today, that, as WSJ reports, would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings. Trumps's plan claims to bring "sanity, common sense and simplification to the nation's catastrophic tax code," and, despite plans to end "carried interest" tax breaks - most loved by hedge fund managers - Carl Icahn has come out and endorsed Trump as "the only candidate that speaks about the country's problems."
- Headline winner: "Read Beyond Massive Job-Cuts Headlines: Labor Market Is Fine" (BBG)
- And speaking of lies: The More Yellen Talks Up Inflation, the Less Traders Believe Her (BBG)
- How Some Investors Get Special Access to Companies (WSJ)
- Victorious Catalan separatists claim mandate to break with Spain (Reuters)
- Russia seizes initiative in Syria (Reuters)
- Former VW boss Winterkorn investigated for fraud (Reuters)
- Investors Pull Back From Junk Bonds (WSJ)
Another test or ... ?
"... the United Nations proposes both that social networks proactively police every profile and post, and that government agencies only “license” those who agree to do so."