Pompeo’s diplomacy unsettles the world

Judging from US Secretary of State Mike Pompeo’s behavior, we wonder if the mania of the “cold war” has already pervaded him. He has repeatedly made aggressive remarks on key sensitive issues involving China, Russia and Iran in recent days. In today’s global arena, his extreme political bias and arrogant ideological clamor are phenomenally abominable. […]

Stock market & Tech: are we headed for dotcom bubble 2.0?

Flotations of loss-making firms hit 2000 levels amid warning signs bubble could be about to burst The proportion of unprofitable companies floating on US exchanges has reached record levels, stoking fears the market could be headed for another dotcom bubble burst. According to analysis by the Warrington College of Business at the University of Florida, […]

The climate crisis is our third world war. It needs a bold response

Advocates of the Green New Deal say there is great urgency in dealing with the climate crisis and highlight the scale and scope of what is required to combat it. They are right. They use the term “New Deal” to evoke the massive response by Franklin Delano Roosevelt and the United States government to the […]

Julian Assange Must Never Be Extradited

The second indictment of the Wikileaks co-founder seems designed to force the British to deny extradition. If not, it’s madness WikiLeaks founder Julian Assange today sits in the Belmarsh High Security prison in southeast London. Not just for his sake but for everyone’s, we now have to hope he’s never moved from there to America. […]

Professor who has correctly predicted 9 presidential elections says Trump will win in 2020 unless Democrats impeach

An American University professor who has correctly predicted the last nine presidential elections says President Trump will win the 2020 election unless congressional Democrats, “grow a spine,” CNN reported. Allan Lichtman, a political historian, said Democrats only have a shot at the White House if they begin impeachment proceedings against Trump, calling the decision both “constitutionally” […]

Britain risks heading to US levels of inequality, warns top economist

Sir Angus Deaton says UK is at risk of extreme inequality in pay, wealth and health. Rising inequality in Britain risks putting the country on the same path as the US to become one of the most unequal nations on earth, according to a Nobel-prize winning economist. Sir Angus Deaton is leading a landmark review of […]

Morgan Stanley’s S&P 500 Bear Unbowed After Admitting Bad Call

Morgan Stanley’s Mike Wilson acknowledges he made the wrong call on the U.S. equity market this year. But that hasn’t dissuaded him from holding onto one of Wall Street’s most bearish forecasts. With the S&P 500 Index at a record high after surging 17 percent this year, the firm’s chief U.S. equity strategist issued a […]

A law cracking down on LLCs used for tax evasion and money laundering, when?

The bill would require corporations and limited liability companies to tell the Treasury who really owns them. After bouncing around Congress for over a decade, a bill to crack down on anonymous shell companies used in money laundering and tax evasion may advance this year, having attracted support from some strange bedfellows, including banks, unions, […]

Hedge funds are losing clients and money

Hedge funds are losing clients and money as they continue to deliver returns far worse than the broader stock market. The big picture: Since the beginning of 2015, Americans’ total financial assets have grown by nearly $11 trillion, Federal Reserve data shows, and less than 1% of that gain has been in hedge funds. Aside from a […]