Monthly Archives: October 2013
Politicians Are All Jabbering About Creating Jobs (Doing What?)
by James Murray • • Comments Off on Politicians Are All Jabbering About Creating Jobs (Doing What?)
OMG, Those “Who Truly Rule The World”
by Wolf Richter • • Comments Off on OMG, Those “Who Truly Rule The World”
Most powerful person in the world? Putin! Sez Forbes. At least, it wasn’t Merkel, who has been throwing her weight around when she found out that her Handy had been bugged by the NSA, just like our cellphones. We have to take it; she gets to make a big stink and gripe to Obama on the (bugged) phone.
The Smart Money Denies They’re The Smart Money As They Franticly Sell Their Crown Jewels Before The Bubble Blows Up
by Wolf Richter • • Comments Off on The Smart Money Denies They’re The Smart Money As They Franticly Sell Their Crown Jewels Before The Bubble Blows Up
A Devastating Problem Japan Does NOT Have: Unemployment
by Wolf Richter • • Comments Off on A Devastating Problem Japan Does NOT Have: Unemployment
Twitter IPO A Dud? Yes, Says Survey of Financial Advisors (But You’ll Own It “Whether You Want It Or Not”)
by Wolf Richter • • Comments Off on Twitter IPO A Dud? Yes, Says Survey of Financial Advisors (But You’ll Own It “Whether You Want It Or Not”)
Brokers, financial advisors, and wealth managers are a recalcitrant bunch, suddenly, after having gotten their manicured fingers burned on a few super-hyped IPOs, and now they just refuse to get exuberant about the Twitter IPO. At least that’s what they indicated in a survey. But individual investors, well, that’s another story.
Is the Giant Siberian Oilfield to be Developed by Russia and China Radioactive?
by Oilprice.com • • Comments Off on Is the Giant Siberian Oilfield to be Developed by Russia and China Radioactive?
By Joao Peixe of Oilprice.com: The deal between Rosneft and China National Petroleum Corp to jointly develop a giant oilfield in Siberia may be tainted. I’m not talking about corruption or illegal activities, but rather the potential that the oil and gas in the field may be contaminated with radioactive materials from nuclear explosions.
Portrait of a Kleptocrat
by Don Quijones • • Comments Off on Portrait of a Kleptocrat
American Boondoggle Meets Chinese Methods
by Wolf Richter • • Comments Off on American Boondoggle Meets Chinese Methods
BYD, the name of a Chinese electric vehicle and solar panel maker, stands for “Build Your Dream.” Maybe that’s what they’re trying to do in China. But here, they’re building a nightmare: broken promises, falsehoods, design flaws… all lushly funded by American taxpayers. And they paid Chinese workers in California $1.50 per hour to do it.
Rule #1 in Argentina: Do NOT Talk About The “Blue Dollar”
by Bianca Fernet • • Comments Off on Rule #1 in Argentina: Do NOT Talk About The “Blue Dollar”
By Bianca Fernet, Argentina, The Bubble: The black/blue/unofficial ARS/USD rate hit 10/1 again. The Federal Police, the Prefecture, the Border Patrol, and representatives of the Central Bank are stomping around downtown, shutting down currency exchanges and being as obvious as possible. And now a gag order on the exchange rate!