Hugh Hendry Capitulates: “Can’t Look At Himself In The Mirror” As He Throws In The Towel, Turns Bullish
Zero Hedge | 22 November 2013
First David Rosenberg, then Jeremy Grantham, and now Hugh Hendry…
Crowdfunding in Southeast Asia
Zero Hedge | 20 November 2013
Over the course of about a week we heard from experts in the banking, legal, brokerage and risk control industries…
Vatican Hires International Accounting Firm to Get Books in Order
Slate | 19 November 2013
The Vatican continued its effort to get its finances in order on Monday when it announced it had hired an international accounting firm to audit its finances…
U.S. Mayors Gain Insights into Metro Entrepreneurship Issues From Two New Kauffman Foundation Reports
Kauffman Foundation | 20 November 2013
Two studies, released at the Mayors Conference on Entrepreneurship…
Stocks Drop With Treasuries, Gold as Fed Discusses Taper
Bloomberg | 20 November 2013
The Standard & Poor’s 500 Index capped its first three-day slump since September and Treasuries slid as the Federal Reserve indicated it may reduce monetary stimulus…
Pension-Cutters Get Humiliated by Their Own Survey Data
Salon | 19 November 2013
Conservative ploy to slash public employee benefits runs into trouble when its own poll shows an unexpected reality…
J.P. Morgan Record $13 Billion Mortgage Act Will Benefit U.S. Pension Funds
Pensions & Ivestments | 19 November 2013
J.P. Morgan Chase & Co. reached a $13 billion deal with the Justice Department that ends probes into the bank’s sale of mortgage bonds…
Xi Puts Himself at Center of China’s Economic Makeover
The New York Times | 20 November 2013
There is little more President Xi Jinping can do to show he has wagered his credibility on restructuring the economy while cleaning up and entrenching one-party rule…
EUR Collapses As ECB ‘Strawmans’ Negative Rates (Again)
Zero Hedge | 20 November 2013
Given our earlier comment on the collapse of European earnings, it is perhaps unsurprisng that the CEB is throwing everything at the problem of a strong EUR…
Chart of the Day: ‘Don’t Panic, We’re All Going to Die’
Financial News | 20 September 2013
In the UK, companies with generous pension schemes have become quite used to counting the cost of our increasingly long lives…
PBGC Deficit Rises to Nearly $36 Billion
Pensions & Investments | 15 November 2013
The PBGC reported a record deficit of $35.7 billion as of Sept. 30 in its annual report released Friday…
Occupy’s ‘Strike Debt’ Buys Debt Cheaply… Then Forgives It
YouTube | 14 November 2013
The Occupy Movement’s “Rolling Jubilee” is a celebration of finding a way for people to cheaply remove debt via crowdsourcing…
Negative Interest Rates & Eliminating Cash – The Summers’ Solution
Armstrong Economics | 17 November 2013
A speech delivered by Larry Summers at the IMF Research Conference on Nov. 8…
Moody’s Cuts Morgan, Goldman & J.P. Morgan Debt
Marketwatch | 14 November 2013
Moody’s has concluded its review of the eight biggest U.S. banks and lowered…
Analysts Hail China’s Plan to Overhaul Economy
The New York Times | 18 November 2013
If the initial summary of China’s highly anticipated economic policy plan disappointed analysts last week, the far more detailed plan that was released by the Chinese authorities late on Friday more than made up for it…
Why China Wants to Dominate Bitcoin
CNN Money | 18 November 2013
China is quietly positioning itself to dominate the brave new world of Bitcoin…
U.S. Agencies to Say Bitcoins Offer Legitimate Benefits
Bloomberg | 18 November 2013
The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments…
Judge Dismisses CalPERS Appeal of San Bernardino Bankruptcy
The Sun | 15 November 2013
U.S. Bankruptcy Judge Meredith Jury on Friday dismissed CalPERS’ request that she certify the pension giant’s direct appeal to the 9th U.S. Circuit Court of Appeals…