By Lawrence Delevingne | NEW YORK NEW YORK When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. But the possibility that each defendant might face prison terms has done little to soothe their […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
That longstanding principle has largely collapsed since the victory by Mr. Trump, who campaigned on a strategy of breaking all the rules and has continued to speak in unmodulated tones. Continue reading the main story “In some ways, Trump is neutering the Obama administration,” said Douglas G. Brinkley, a professor of history and a presidential historian at Rice University in Houston. “They’ve avoided personally attacking each other, […]
Submitted by Federico Pieraccini via Strategic-Culture.org, Understanding the objectives and logic that accompany the expansion of nations or empires is always of paramount importance in helping one draw lessons for the future In this series of four articles I intend to lay a very detailed but easily understandable foundation for describing the mechanisms that drive great powers. To succeed, one must analyze the geopolitical theories that over […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS The Obama administration on Friday allowed the U.N. Security Council to adopt a resolution demanding an end to Israeli settlements, defying pressure from U.S. President-elect Donald Trump as well as Israel and several U.S. senators who urged Washington to use its veto. The resolution was put forward at the 15-member council for a vote on Friday by New Zealand, […]
Christmas is almost here (and so is Hanukkah), and so it is time for the Long View to revisit the offices of Hindsight Capital LLC once more. Hindsight Capital, for the uninitiated, is the hedge fund that beats all others year in and year out because it is endowed with 20/20 hindsight; it can see the future. The returns to clairvoyance are potentially infinite, so it has […]
By Karen Freifeld and Arno Schuetze | NEW YORK/FRANKFURT NEW YORK/FRANKFURT Deutsche Bank (DBKGn.DE) has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank’s Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The economy, however, remains on solid footing as other data on Thursday showed new orders for capital goods rising last month amid demand for machinery, indicating […]
Submitted by Simon Black via SovereignMan.com, In the late 1400s, the city-states of Italy were among most dominant powers in the world. Most of the city-states had abandoned the feudal system that persisted across Europe. So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy. People could start businesses and own private property– revolutionary […]
By Ellen Francis and Stephanie Nebehay | BEIRUT/GENEVA BEIRUT/GENEVA The Syrian army said on Thursday that it had retaken complete control of Aleppo after the last rebel fighters were evacuated from the city, handing President Bashar al-Assad his biggest victory of the war. The army said it had brought “security and safety” to Aleppo, ending four years of rebel resistance in parts of the northern Syrian city. […]
AP Images A new European Court of Justice ruling has made it more difficult for Britain to seal a major trade deal with the European Union post-Brexit. The European Court of Justice’s Advocate General Eleanor Sharpston published a legal opinion saying that all 38 national and regional parliaments, around five regional and linguistic parliaments in Belgium, and at least five upper chambers in Europe have to approve […]
Submitted by a Zero Hedge reader who wishes to remain anonymous: OPEN LETTER TO MINISTER-PRESIDENT SEEHOFER(Sent before the carnage in Berlin’s Christmas market) Dear Minister-President Seehofer, I would like to commend you on your opposition to mass uncontrolled immigration into Europe. One would think that it would be trivial to praise politicians – who are elected to uphold law and order, meaning our culture and values – […]
Italian bank shares are on track for their best month in more than seven years as signs the government may intervene to support its financial sector gave fresh momentum to a rally. The FTSE Italia All-Share banks climbed 2.3 per cent in afternoon trading, leaving it up more than 22 per cent so far in December. The index is now on course for its best monthly showing […]
Submitted by Jayant Bhandari via Acting-Man.com, India’s Currency Ban – Part VI India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of […]
BP cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions. The U.K.’s second-biggest oil group will issue new ordinary shares to pay for 10 percent of the Abu Dhabi Company for Onshore Petroleum Operations Ltd., giving the emirate a 2 percent holding in BP, the London-based company said […]
FUJAIRAH // A seven-year-old Emirati girl was crushed to death after an iron house gate fell on her. The incident happened in Al Faseel at around 2pm on Saturday. The girl, identified as N S, was trying to close the gate at her home when it fell on her. “The operation room received a call about the incident where an iron gate collapsed on a girl while […]
When word came that a shaky evacuation deal had been reached, the remaining residents in the last patch of rebel-held Aleppo got moving. Doctors readied their patients, mothers packed their children’s bags and young men burnt their motorbikes to spite regime forces who might have wanted to take them. Relief mixed with heartbreak for residents who have lived in a world more nightmare than reality. Over a […]
Philippines President Rodrigo Duterte(Photo: Tang Chhin Sothy, AFP/Getty Images) President Rodrigo Duterte threatened Saturday to terminate a pact that allows U.S. troops to visit the Philippines, saying “bye-bye America” as he reacted with rage to what he thought was a U.S. decision to scrap a major aid package over human rights concerns. A U.S. government aid agency, the Millennium Challenge Corporation, said earlier in the week that […]
To do otherwise, he said, would have required the United States to be “all in and willing to take over Syria.” Continue reading the main story The recent developments in the Syrian conflict send a message to autocratic leaders in the region and elsewhere that force works — and brings few consequences, said Maha Yahya, the director of the Carnegie Middle East Center in Beirut. The lesson […]
Capitalism as we know it is irrevocably in its death throes, argues German sociologist Wolfgang Streeck, which on its own is not a novel thesis. In our age of regular financial crashes and bursting bubbles, illiberal movements and borderless wars, even Nobel Prize winners and mainstream thinkers – I think of Joseph Stiglitz, among others – say that the post-war free market regime is broken, and that […]
Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]
By Ori Lewis and Matt Spetalnick | JERUSALEM/WASHINGTON JERUSALEM/WASHINGTON A senior Palestinian official warned on Friday that implementation of Donald Trump’s pledge to relocate the U.S. embassy to Jerusalem would destroy any prospects for peace with Israel, even as a spokesman for the U.S. President-elect said he remained committed to the move. Saeb Erekat, secretary-general of the Palestinian Liberation Organization, issued the grim prediction just a day […]
Russia said the evacuation of thousands of people trapped for months in the last rebel foothold of Aleppo was finished on Friday, hours after a series of blasts halted the operation. “The Syrian army operation to liberate the militant-controlled eastern districts of Aleppo is complete,” the Russian defence ministry said. “Syrian government forces are liquidating isolated pockets of resistance by radicals.” An agreement for rebels to withdraw […]
Submitted by Finian Cunningham via Strategic-Culture.org, The US and its terrorist-sponsoring partners are seeing their criminal regime-change project in ruins, as the Syrian army and its allies win a spectacular victory to retake the strategically important city of Aleppo. Western governments and their flunkies at the UN are cynically, perversely decrying a «meltdown of humanity». Closer to the truth is their own «meltdown of sanity». This is […]
