"It's a nice sailing area but every time you get some water in your face, it feels like there's some alien enemy entering your face," German Paralympic sailor Heiko Kroger said during a recent visit to Rio. "I keep my nose and my lips closed."
Dale Vukovich of the Pennslvania State Police, who responded to the crash, said Scaglione told him that he had activated the Autopilot feature. In his crash report Vukovich stated that Scaglione's car was traveling east, near mile marker 160, about 5 p.m. when it hit a guard rail "off the right side of the roadway. It than crossed over the eastbound lanes and hit the concrete median."
Having lost nearly $100 billion in local pension as a result of the collapsing Japanese stock market, what is the $1.4 trillion Government Pension Investment Fund, the world's largest pension fund about to do? Why double down of course. Because if it didn't work before, it surely will work this time...
Back in May 2013, we wrote an article titled "Europe's EUR 500 Billion Ticking NPL Time Bomb" in which we laid out the biggest danger facing European banks: non-performing loans. As of this moment, that time bomb may have finally gone off: as the WSJ writes overnight, the Brexit damage to the rest of Europe "could be more immediate and potentially more serious. Nowhere is the risk concentrated more heavily than in the Italian banking sector." Indeed, "Brexit could lead to a full-blown banking crisis in Italy." Here's why.
After taking an "extremely careless" but "not criminal" Hillary Clinton on board Air Force 1, President Obama makes his campaign trail debut with the presumptive Democratic Candidate, with - as CNN puts it - his own legacy at stake as he works to elect a Democratic successor.
For the newborns who have died from medicine shortages, it’s already too late. The least we can do to honor their memory is to say it loud and clear: Venezuela’s democratic facade has crumbled altogether, and the predatory dictatorship it used to cover up is now plain for all to see.
In an episode painfully reminiscent of the Bear hedge fund "freezes" that preceded the bank's 2008 collapse and the great financial crisis, first Standard Life halted trading in its property fund, followed hours later by both Aviva and M&G which likewise announced they are suspending trading in their own portfolio funds. And, as Bloomberg summarizes, three of the U.K.’s largest real estate funds have frozen almost 9.1 billion pounds of assets after Britain’s shock vote to leave the European Union sparked a flurry of redemptions.
The problem lies mostly with the human tendency to avoid short-term pain...Unless it is accepted that demand must be tied to income growth, and not extra debt, we’re never getting out of this one. The current disconnect between high asset prices, stagnant incomes and increasing, overall debt levels, is both economically and politically unsustainable. And what is the ultimate result? Brexit politically and economically there is no housing market for our young workers.