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NEW YORK U.S. insurer Prudential Financial (PRU.N) is investigating whether Wells Fargo (WFC.N) employees signed up customers for its life insurance policies without their knowledge, a spokesman said on Saturday. Sales practices at Wells Fargo have been under a spotlight since September when federal regulators ordered the San Francisco-based bank to pay $190 million in fines and restitution because they said its high pressure sales environment pushed […]

In this part of the world, the debate is not just theoretical. Terrorism is an everyday reality, and the role that Facebook and other social media sites may play in inspiring it generates deep emotion. Israel has pushed to combat online provocation that it links to bloodshed. Palestinians consider a crackdown on Facebook posts just another tool of repression by an occupying power. Continue reading the main […]

Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally?  It’s […]

By Jeff Mason | WASHINGTON WASHINGTON U.S. President Barack Obama has ordered intelligence agencies to review cyber attacks and foreign intervention into the 2016 election and deliver a report before he leaves office on Jan. 20, the White House said on Friday. In October, the U.S. government formally accused Russia of a campaign of cyber attacks against Democratic Party organizations ahead of the Nov. 8 presidential election, […]

December 10, 2016 by: Joe Leahy in São Paulo Former Brazilian president Luiz Inácio Lula da Silva and one of his sons have been accused by prosecutors of influence peddling and other crimes in relation to a landmark $4.5bn Saab Gripen fighter jet deal in Latin America’s largest country.  Prosecutors in Brasília accused Mr Lula da Silva’s son, Luís Cláudio Lula da Silva, of receiving nearly R$2.6m […]

Update, Dec. 9, 2016, 2:22 p.m.: This story has been updated. Donald Trump routinely blasts his political foes for “pay-to-play” politics and “crony capitalism and corruption.” But Trump is now rewarding some of his biggest campaign bankrollers with unparalleled access, influence, prestige and power in his presidential administration-in-waiting, according to a Center for Public Integrity analysis of new campaign finance disclosures filed with the Federal Election Commission. In […]

Michigan Gov. Rick Snyder signs legislation that establishes comprehensive regulations for the testing, use and eventual sale of autonomous vehicle technology at the Automotive Hall of Fame in Dearborn, Mich., on Friday Dec. 9, 2016. The package of bills signed into law Friday comes with few specific state regulations and leaves many decisions up to automakers and companies like Google and Uber. It also allows automakers and […]

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SAO PAULO Brazilian federal prosecutors on Friday formally accused former president Luiz Inacio Lula da Silva of having interfered in a government tender to buy new fighter jets in favour of Swedish plane maker Saab AB. Lula, who was no longer in the presidency when the suspected illegal practices happened, was accused of having used its influence over the subsequent Workers Party government to help Saab win […]

KUALA LUMPUR: MCA has strongly condemned the Perlis government’s amendment of its enactment to allow the unilateral conversion of a non-Muslim child by a newly converted Muslim parent without the consent of the non-Muslim spouse. MCA president Datuk Seri Liow Tiong Lai, who described the move as “sabotage” by the state government, said it clearly violated and went against what the Federal Government hoped to achieve. “Surely […]

It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]

December is always marked by a run of fantastic journalism from news organizations across the United States. The flood of ambitious work nearly always coincides with the publication deadline for the Pulitzer Prizes (Dec. 31), as newsrooms gear up for journalism awards season. Here’s a quick look at some of the most ambitious journalism that’s been published recently. If you know of a great project that I […]

An upcoming deadline for a major derivatives market reform is “unrealistic” and authorities should consider whether the asset managers and banks most affected are ready, a top US regulator has warned. Christopher Giancarlo, the sole Republican of the three commissioners at the Commodity Futures Trading Commission, on Friday called on counterparts to prevent new rules due on March 1 from disrupting the global swaps market. His remarks, […]

Submitted by Charles Hugh-Smith via OfTwoMinds blog, Sorry, U.S. Census Bureau, I.R.S. and St. Louis Federal Reserve – you’re issuing “Russian propaganda” according to The Washington Post’s shoddy “fake news” methodology. In case you missed it, The Washington Post’s criminally careless publishing of “fake news” about purported “Russian propaganda” created a backlash–and the Post’s attorney-approved bleating to sidestep responsibility for publishing “fake news” failed to calm the […]

Good morning. Regrets laced with irony Glenn Beck is sorry. He really is. He swears. He’s sort of like Miss Otis in Cole Porter’s oft-recorded 1934 “Miss Otis Regrets” (I’ll take Bette Midler’s version). She “woke up and found that her dream of love was gone, madam.” And, them, “from under her velvet gown, she drew a gun and shot her lover down, madam.” In this case, […]

Investors made the biggest shift in more than three years into funds that help provide protection against rising interest rates ahead of next week’s meeting of Federal Reserve policymakers who are expected to increase overnight borrowing costs for the first time this year. Funds invested in leveraged loans attracted $1.7bn of inflows in the week to December 7 — the greatest weekly haul since 2013 — figures […]

Photo Zar Mohammad Stanikzai, an Afghan who worked as an interpreter and whose application for a United States visa was rejected this year. Credit Andrew Quilty for The New York Times WASHINGTON — After a protracted political debate, Congress passed a measure on Thursday that would offer sanctuary to a fraction of the Afghan interpreters and translators who have risked their lives to help the military. The […]

Submitted by Brandon Smith via Alt-Market.com, I have spent the better part of the last 10 years working diligently to investigate and relate information on economics and geopolitical discourse for the liberty movement. However, long before I delved into these subjects my primary interests of study were the human mind and the human “soul” (yes, I’m using a spiritual term). My fascination with economics and sociopolitical events has […]

By Lisa Twaronite and Wayne Cole | TOKYO/SYDNEY TOKYO/SYDNEY Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank’s decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. MSCI’s broadest index of Asia-Pacific shares […]

For the 2014-15 financial year, Apple, Samsung, Microsoft, and Google all upped the amount of tax they paid in Australia over the year prior. According to the Australian Taxation Office (ATO) 2014-15 Corporate Tax Transparency report, with revenue in the region totalling AU$8.3 billion, Apple coughed up AU$146 million in tax — AU$72 million more than the iPhone maker did in 2013-14. Similarly, Samsung, with 2014-15 revenue […]

Madrid, Spain – 09 November 2016 Fotowatio Renewable Ventures (FRV), a leading global developer of large-scale solar power plants and part of Abdul Latif Jameel Energy, has been awarded a 30 year 300 MW solar project in the second electricity market auction, conducted by the National Energy Control Center (CENACE) of Mexico. With this Build-Operate-Own agreement, FRV extends its global footprint into the Mexican market at very […]

The bromide says all politics are local. But if examined closely, state politics are looking quite national these days. Some independent groups ensconced in offices around D.C. and New York have been running their own shadow campaigns to affect the outcomes of races for governor, legislators, state supreme court justices and more around the country. Overall, independent political groups such as these have taken on a larger […]

Apple has seen a sharp year-over-year increase in the number US government demands for customer data. It’s the company’s first biannual report this year covering how many demands were made from global law enforcement and intelligence agencies, including the US government, for data the company stores. Apple was embroiled in a legal battle with the FBI earlier this year over locked iPhones. Read more. Apple said it […]

Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]

Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump’s Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations. Supporting the upbeat sentiment on Thursday was a report that showed the number of Americans filing for unemployment benefits […]

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