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 […]
ABU DHABI // Five times a day, Sayed Hameed announces prayers from his mosque in International City. After every call, the muezzin says a silent prayer for his son. His eldest son, 11-year-old Yousef, needs corrective surgery on his right leg, which has been deformed since birth. However, his 35-year-old Afghan father cannot afford to pay Dh60,000 for operation. “Yousef didn’t have any accidents and doesn’t suffer […]
Real estate markets in the UAE witnessed contrasting trends in November with sales prices and rents up in Dubai but values falling in Abu Dhabi, according to a new report by Bayut.com. Property website Bayut said the real estate market in Dubai was buoyed last month by a spate of project launches, stirring up interest in the market but activity in Abu Dhabi was slow, resulting in […]
It turns out there is a downside to spending 120% of your annual income every year from the time you graduate college until that day you turn 40 and finally realize that you’re getting old and have absolutely no liquid assets and no hopes of ever retiring. While the above strategy seemingly makes sense to our elitist, Ivy League-educated central planners at the Fed who have waged […]
Owners of the Honor 8 smartphone – which debuted to an overwhelming response, raking in 1.5 million unit sales worldwide within a few months of its release – will be pleased to learn that the handset is poised to benefit from the much-awaited Android 7.0 Nougat software update in early 2017. Come February 2017, the 5.2-inch phablet is set to receive a bump-up from Android Marshmallow and get […]
Doctor Who showrunner Steven Moffat is trying to explain what he loves most about superhero movies. He talks excitedly about the cape and the mask. The importance of a hero’s “normal” life. “When Superman doesn’t work, it’s because there’s not enough Clark Kent,” he says. And then there’s the romance. “There’s always a good one at their heart – and Clark Kent/Lois Lane is certainly the only […]
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 […]
So it would appear. Bit Player Turns Star Shawn Harrington was one of the bit players in “Hoop Dreams.” A sophomore point guard at Marshall who moved from the junior varsity to the varsity during that glorious 1991 tournament run, he had his own star turn a few years later. After bouncing around several colleges — during which time he both got a degree and became a […]
CAIRO Egyptian President Abdel Fattah al-Sisi said on Saturday that the military’s economic activity accounted for no more than two percent of the country’s output, dismissing suggestions that the military could control as much as half of the economy. Speaking at an event celebrating the expansion of a military-owned company, Sisi said the military made up 1.5-2 percent of economic output which he said was 3-4 trillion […]
By Rodrigo Campos | NEW YORK NEW YORK The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely in the offing, and investors would be well advised […]
A recent want ad for a job at a professional services companies had this interesting description: Photo: Joe McKendrick “Robotic Process Automation Analyst: Key responsibilities include: work with business teams to simplify and improve operations by analyzing as-is processes and create end-to-end automation solution designs… Work with process owners/SMEs and technology teams to analyse and assess automation feasibility… Document business requirements, processes and work instructions…. Operate as […]
On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]
Latest study explored the reasons why when walking, people use mostly their heels and not their toes, as opposed to running. Many animals use the balls of their feet to move around, which made for an interesting case study. The research, published in the Journal of Experimental Biology, was conducted by researcher James Webber from the University of Arizona, School of Anthropology. Evolutionary Reasons The scientist was […]
The renminbi’s seemingly endless grind lower against the US dollar has been one of the financial stories of 2016, triggering a wave of capital outflows from China that Goldman Sachs estimates may have totalled $1.1tn since August 2015. The once closely controlled Chinese currency has tumbled 6.5 per cent to an eight-year low of Rmb6.945 against the greenback this year, taking its slide since August 2015 to […]
Eileen Eagar was a single mom, working at a steel mill in Chicago. Feeding her two kids sometimes meant going out on a date, ordering the biggest steak on the menu and bringing the leftovers home. When we met her in the fall of 2016, she had married, moved to Arizona and started a career in real estate — the “best darn” realtor in Tucson, her husband […]
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 Jeffrey Dastin | ALLENTOWN, Pa. ALLENTOWN, Pa. A cargo plane emblazoned with “Prime Air” descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season. It’s one of 40 jets leased by Amazon.com Inc for a new cargo service to meet delivery demand from the […]
Russian President Vladimir Putin has written to Donald Trump to express his hope that Moscow and Washington improve relations after the US president-elect is inaugurated on January 20. “I hope . . . we will be able — by acting in a constructive and pragmatic manner — to take real steps to restore the framework of bilateral co-operation in different areas as well as bring our level of collaboration on the […]
To most, it is sacrosanct; the idea of not playing on Boxing Day, New Year’s Day and various points in between is seen as somewhere between anathema and heresy. Photo Fabian Delph of Manchester City during his team’s Premier League match at home against Sunderland on Dec. 26, 2015. Credit Jan Kruger/Getty Images The week’s popularity bears that out: Even in the Premier League, where most seats […]
By Lisa Barrington and Angus McDowall | BEIRUT BEIRUT Syrian rebels shelled Aleppo and air strikes resumed around the city on Friday as Syrian President Bashar al-Assad and his allies said the insurgents’ withdrawal from the city could pave the way towards a political solution for the country. A day after the last rebels left their remaining pocket of territory in the city, the Syrian Observatory for […]
If any global sound is on the verge of blowing up in 2017, it’s the pan-African mélange known as afrobeats. Or, depending on who you ask, afropop, afrofusion or afropolitan – but not to be confused with political Fela Kuti-style afrobeat (singular), nor with any of the traditional music that has tended to find its way into the “world music” section of western music shops. Rather, this […]
The UN Security Council has passed a resolution demanding that Israel stop building settlements in the occupied Palestinian Territories, after the US abstained in spite of ferocious criticism from Prime Minister Benjamin Netanyahu’s government. The resolution was passed with 14 votes from the 15-member security council, hours after a senior Israeli official accused US President Barack Obama of working “behind Israel’s back” to cook up the resolution, in […]
UNITED NATIONS — Defying extraordinary pressure from President-elect Donald J. Trump and furious lobbying by Israel, the Obama administration on Friday allowed the United Nations Security Council to adopt a resolution that condemned Israeli settlement construction. The administration’s decision not to veto the measure broke a longstanding American policy of serving as Israel’s sturdiest diplomatic shield at the United Nations. While the measure will have no practical […]
What a difference a year makes. Having ended 2015 as the worst performing sector on the S&P 500, energy stocks are on track to become this year’s biggest winners as this month’s rally in crude prices further extended the sector’s gains. Despite falling 0.1 per cent on Friday, the S&P 500 energy index is still up more than 25 per cent this year, making it the top […]
