The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval – beyond just the economic problems. Despite trying seemingly everything for an entire decade, nothing Economists came up with would rebalance the system. They kept saying they only… Read More
Liberia is still struggling with the aftermath of the 2014 Ebola outbreak and the stubbornly low prices of coffee and other commodities that its exporters rely on to bring in badly needed foreign capital. But to the country’s lengthy list of problems, we can now add one more. As the New York Times and Wall… Read More
The Independent Media group – controlled by Iqbal Survé – has attracted global attention for its blatant pro-China government editorial decision-making. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for free 30 day trial (card details required; WSJ access only available to paying… Read More
A new theory has emerged in the case of whether Supreme Court nominee Brett Kavanaugh sexually assaulted accuser Christine Blasey Ford roughly 35 years ago; it was Kavanaugh’s high school look-alike, whose high school house better fits Ford’s description, and who kept in touch with the other guy allegedly in the room, Mark Judge. The… Read More
Nine months ago almost to the day, China’s state owned Sinopec proclaimed it had acquired over 1,000 Caltex service stations and Chevron’s oil refinery business in South Africa for $900m. I shared the info on the Daily Insider. And was quickly rebuked by the other bidder. Rightly so. Because yesterday the Competition Commission approved the… Read More
Authored by Andrew Korybko via Oriental Review, Polish “gray cardinal” Jaroslaw Kaczynski warned how his country could be infected by the EU’s “social diseases”. The influential politician was speaking at his party’s convention over the weekend when he reaffirmed Poland’s commitment to remaining in the EU, though with the important caveat that this “doesn’t mean we should… Read More
Several months after his last live address to investors in his fund, Double Line CEO Jeffrey Gundlach is holding his latest periodic live webcast with investors, titled “Miracle Grow.” Readers can listen to the webcast live by clicking on the slide below or the click on this link (registration required). We will publish the accompanying… Read More
US equity futures rose slightly as European shares rebounded after Asian equity markets opened on Thursday in a sea of red as investors expressed growing concern over the deepening emerging market sell-off, before recovering slightly later in the morning even as Trump was preparing to launch a new trade war with China, announcing another $200BN… Read More
Over the past decade, an unprecedented stock market boom has created thousands upon thousands of new millionaires, and yet the middle class in America has continued to shrink. How is that even possible? At one time the United States had the largest and most vibrant middle class in the history of the planet, but now… Read More
A Canadian woman has filed a human rights complaint claiming her previous employer, the Osoyoos Golf Club, discriminated against her with a requirement that all female staff wear a bra, reports the CBC. Christina Schell (via cbc.ca) “It’s gender-based and that’s why it’s a human rights issue,” she said. “I have nipples and so do… Read More
Back in the summer of 2012, we had some fun when we reported that Whitney Tilson – the consummate, if always late “value investing” immitator of other prominent investors especially Warren Buffett and Bill Ackman and sworn #NeverTrumper – following several years of abysmal returns, closed his then-hedge fund T2 (with Glenn Tongue), splitting off… Read More