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Abbas Beydoun is tired of excuses. The 72-year-old Lebanese author and poet urges readers and writers to avoid complacency – and to always look beyond the surface. To explain why, he highlights the central theme of his acclaimed novel, The Autumn of Innocence, which tackles the nature of tyranny. “It’s not good enough to look at violence as just something abnormal or new to us,” he says. […]

By Richard Cowan | WASHINGTON WASHINGTON Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would avert a government shutdown later this week, while handing President Donald Trump a down payment on his promised military build-up. The full House of Representatives and Senate must still approve the bipartisan pact, which would be the first major legislation to […]

According to reports, LG is gearing up to release a smaller version of its G6 flagship. The device will feature a 5.4-inch display with a screen-to-body ratio just under 80 percent. It’s also expected to tout the G6’s 18:9 aspect ratio, reports add. LG To Produce Mini G6 That’s according to TechnoBuffalo, who claims to have received an internal document from a trusted source. The move, if true, isn’t […]

President Donald Trump was a distracting entertainment from the moment he launched his campaign in June of 2015 — until he wasn’t. His opening speech, in which he called Mexican immigrants “rapists” and told the world he would be the best jobs president “God ever created,” was looked at as the ravings of a man whose outsized ego was too big to be anything but hilarious.  News […]

By Shinichi Saoshiro | TOKYO TOKYO Asian stocks struggled for traction on Monday after weaker-than-expected U.S. economic growth data, while the dollar dropped against the yen amid tensions over North Korea and slipped versus the euro on evidence of strong euro zone inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.1 percent and Japan’s Nikkei .N225 added 0.1 percent. Many markets in Asia […]

Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, Seeing the Light It has been said that “the definition of insanity is doing the same thing over and over again and expecting different results.”  No one quite knows who first uttered this remark; it has been attributed to Albert Einstein, Mark Twain, Benjamin Franklin, and has even been said to be an Ancient Chinese Proverb.  What […]

Tornadoes ripped through an East Texas county on Saturday evening, killing at least four people and injuring dozens of others, and authorities warned the number of casualties could rise. Three tornadoes were confirmed by the U.S. National Weather Service in Canton, a city about 60 miles (95 kilometers) east of Dallas in Van Zandt County. The winds flipped over cars, snapped trees, destroyed houses and left roads […]

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‘Burdensome new regulatory regime’ During the most recent fiscal year, the government entered into or modified contracts with nearly 70,000 companies or their subsidiaries to deliver hundreds of thousands of distinct goods and services. To figure out which companies to hire, agencies begin by posting solicitations, usually on FedBizOpps.gov, where registered contractors can sift through opportunities. When an agency puts out a solicitation, dozens of companies might […]

The Trump administration has opened the door to huge potential savings for hedge fund and private equity managers by proposing to slash tax rates for small businesses in a way that could be exploited by Wall Street financiers. Hedge fund and private equity managers are a subgroup that could emerge with some of the biggest gains from the President Donald Trump’s tax plan, which was scorned by […]

At first I ignored the offer to check out the Huawei Tripod Selfie Stick since I rarely capture front-facing photos, unless I am traveling and want to share some of my experiences with my family. However, after seeing that this $20 accessory functions as a tripod with an aluminum arm I decided to try it out. Once you open up the package, you will find a black […]

By Ahmed Rasheed | BAGHDAD BAGHDAD A top Iraqi commander expects to dislodge Islamic State from Mosul in May despite resistance from militants in the densely populated Old City district. The battle should be completed “in a maximum of three weeks”, the Iraqi army’s chief of staff, Lieutenant General Othman al-Ghanmi, was quoted as saying by state-run newspaper al-Sabah on Sunday. A U.S.-led international coalition is providing […]

Chinese insurance group Anbang has threatened legal action against a leading investigative magazine over what it called “slanderous” allegations about financial irregularities and the marital status of its chairman, in the latest sign of the intensifying power struggle in the financial sector.  Anbang, which has curbed its long acquisition spree amid heightened capital controls, said in a statement on Sunday that Caixin had “forged rumours” that chairman Wu […]

(Image: File photo) David Foster, VP of hardware product development at Google, has left the company six months after Google recruited him from Amazon. Foster was charged with leading development of Google’s Pixel smartphone and Home speaker. He joined Google in the days surrounding the launch of the Pixel and Pixel XL in October 2016. Amidst a bigger hardware push from Google, Foster reported to Rick Osterloh, […]

Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]

Authored by Jeffrey Snider via Alhambra Investment Partners, Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, the advance figure calculated by the Commerce Department amounted to just 0.69% […]

This story was originally published on Medium and is being republished here with the permission of its author. Two years ago in Hong Kong, I sat around a conference table with some of the finest journalists to have worked in the Chinese media in the past two decades. Left and right of me were reporters who had broken major stories of corruption, malfeasance and cruelty, and who […]

What we really want: Alone time and sleep. Getty Images/iStockphoto Mother’s Day is once again upon us. I’m a mom and survey (of my mom and non-binary parent friends) says that what most of us want is more sleep and/or alone time. Equal pay and compensation for emotional labor would be great too, but please, for the love of all things holy, at least give us more […]

President Donald Trump’s populist views, reality television stardom, and penchant for Twitter insults all but guaranteed an out-of-the-ordinary first 100 days for the billionaire political neophyte. A look at the data reveals how Mr Trump compares with previous Oval Office occupants. Bills signed into law Enacted legislation for last seven presidents in first 100 days Source: govtrack.us The White House touts that Mr Trump has accomplished more […]

Russia’s central bank cut its key interest rate, citing the country’s continued emergence from a two-year recession — but the move failed to stop the rouble pushing higher on Friday. The cut — by 0.5 per cent to 9.25 per cent — went further than the incremental 0.25 per cent drop the bank implemented last month, suggesting that the bank was confident of reaching its inflation targets […]

Donald Trump plans to end or renegotiate any trade deal that does not increase US economic growth, reduce the US trade deficit or contribute to higher US wages, according to a leaked draft of an executive order obtained by the Financial Times. The draft of the order Mr Trump had been planning to sign on Saturday before his high-profile U-turn this week calls for US officials to […]

MANILA A strong earthquake measuring 7.2 struck off the coast of Mindanao island in the Philippines on Saturday, and the country’s seismology agency advised people to stay away from coastal areas but expected no major damage. There were no immediate reports of destruction or casualties, but witnesses said the quake was very strong and shook the ground and walls. The Pacific Tsunami Warning Center said there was […]

Rumors of a mighty Galaxy Note 8 have already been making rounds for a good while, but Samsung just confirmed it. At one point after the two Galaxy Note 7 recalls, it seemed uncertain whether Samsung would continue the series and launch a Galaxy Note 8. Rumors started to intensify nonetheless and it seemed like a given that a Galaxy Note 8 would arrive this year, and […]

After a dismal fourth quarter, it seems that Europe’s investment banks have got some of their swagger back.  Switzerland’s UBS grew investment bank profits by more than 50 per cent in the first quarter, even though it is hard to imagine a recovery less well-suited to the Swiss bank which is short on the US exposure and the markets businesses that have driven the strong results of peers.  Credit Suisse […]

Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]

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