“Soros’s war on the renminbi and the Hong Kong dollar cannot possibly succeed — about this there can be no doubt. Reckless speculations and vicious shorting will face higher trading costs and possibly severe legal consequences. And just as proved in the yuan exchange rate case, the Chinese government has sufficient resources and policy tools to keep the overall economic situation under control and cope with any external challenges.”
Of the $12 $22 million in unbooked intraday WTW gains for Oprah's 15% stake, this amounts to about $460,000 860,000 per pound of weight lost. If only the rest of the mere mortals had a comparable incentive to get fit again, the American obesity epidemic would disappear overnight.
An active shooter was reported at the Naval Medical Center San Diego on Tuesday, according to a post on the medical center's Facebook page.
When it comes to political entertainment, it doesn’t get much better than presidential election season in the United States. Edward Bernays, the father of modern public relations, examined it in 1928, in his book Propaganda. "Politics was the first big business in America,” he declared, and political campaigns are “all side shows, all honors, all bombast, glitter, and speeches.” The key to victory is the manipulation of public opinion, and that is achieved most effectively by appealing to the "mental clichés and emotional habits of the public."
While energy E&P companies were dropping like flies in 2015, credit rating agencies and banks have remained awfully quiet....
- Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls (BBG)
- Saudi Arabia is able to withstand low prices says Saudi Aramco Chairman (WSJ)
- Recession Warnings May Not Come to Pass (WSJ)... or they May
- Stocks moving in tandem are squeezing short sellers (FT)... as first noted here in 2013
- Problems Found at Theranos Lab (WSJ)
- New York rebounds after blizzard, Washington shuts down government (Reuters)
- China business confidence, recruitment hit record lows in January - SMI survey (Reuters)
"Russia has approximately 12-18 months left at the current oil price before the country reaches a point of no return..."
"I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under Allah...."
Coinciding with UK's Labor leader Jeremy Corbyn's arrival at the French refugee camps, Sky News reports the port of Calais has been temporarily closed as 100s of migrants stormed on to a ship in the hope of reaching the UK. About 50 migrants are thought to have made their way on to a P&O-operated vessel called Spirit of Britain, and police are at the scene and have reportedly deployed water cannons to break up the crowds of protesters.
Frustrated with what he believes is a presidental race gone off the rails, Michael Bloomberg is set to make a run at the White House as an independent candidate, multiple sources say. Although commentators are divided on the effect Bloomberg's entry would have on Trump and Sanders, one thing is certain: Hillary Clinton has the most to lose.
What are the odds of another horrendous experience with a company who happens to be a subsidiary of Comcast?