Independent thinking for complex markets and current events
The US Federal Trade Commission is investigating whether Amazon.com Inc. and Alphabet Inc.’s Google misled advertisers that place ads on their websites, according to people familiar with the matter. The investigations, which are being conducted by the agency’s consumer protection unit, focus on whether the companies properly disclosed the terms and pricing for ads, said …
BREAKING: The White House press secretary says “there will be no unilateral reduction in tariffs against China.” Trump is putting the ball in China’s court. — The Kobeissi Letter (@KobeissiLetter) April 23, 2025 BREAKING: White House Press Secretary Leavitt right now: There will be a fair trade deal with China, there will be no unilateral …
My personal policy (family of 4 at the time) went from $305 per month, and a $1,500 deductible the year before ACA to $960/m with $6,500. Today, just wife and I, are at $1,600/m with $9,500 out of pocket. Yeah, thanks for ‘free health care’ — Mike Kole (@kolemichael) March 24, 2025 It also destroyed …
from Reddit: Why YSK: TurboTax has been scamming the American public for years, including me. They overcharge for basic tax filing services and pressure users to pay when they don’t need to. They utilize dark patterns in their software and lobby to stop the IRS from building its own public filing system for citizens to …
On this long-term chart the pandemic is barely visible as a minor blip in a 15 year blow-off top to a long-term secular bull market. Marked by unprecedented political acrimony, constant monetary intervention, and a 6% budget deficit to obtain 2% "growth". In a more honest time… pic.twitter.com/svL7Rgo7Wy — Mac10 (@SuburbanDrone) August 22, 2024 Expectations …
TL:DR: Big banks are hiding risky investments off their books, just like they did before the 2008 crash. This could cause another financial crisis. Banks like JPMorgan Chase have trillions of dollars in risky investments they don’t report on their main financial statements. Regulators are worried and want the banks to set aside more money …
Recent revelations suggest unconventional practices within the Federal Aviation Administration (FAA), where students associated with the Black Caucus of Federal Aviation Employees were allegedly given secret code words for their resumes. This practice aimed to fast-track their applications to the front of the line. Even more astonishing is the claim that individuals could be prioritized …
https://twitter.com/JesseKellyDC/status/1744821198867902843 Progressives definitely will accept more flying deaths in service of the DEI agenda. No question about this. Air safety is also hard to measure in context. US commercial crashes and incidents could double and remain statistically tiny and thus the system would remain very… — Jeff Deist (@jeffdeist) January 9, 2024 h/t LoneStarRising
Politicians enter politics for the benefits, catering to lobbyists for insider trading advantages. The salary is secondary. After accumulating wealth, taxpayers sustain them indefinitely. BREAKING: Rep Ro Khanna is introducing his political reform & anti-corruption plan that: – Bans stock trading for Congress + spouses– Ban lobbyist & PAC donations– Ban members from becoming lobbyists …
via YAHOO: Already stung by soaring bad loans and record low net interest margins, lenders such as Industrial and Commercial Bank of China Ltd. may soon be asked for the first time to provide unsecured loans to developers, many of whom are in default or teetering on the brink of collapsing. The risky lifeline threatens …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …
A former employee of a large food service corporation is suing the company in federal court after it fired her for refusing to participate in a program that discriminates against white male employees. Courtney Rogers worked for Charlotte, North Carolina-based Compass Group USA Inc. from her home office in San Diego, California. The company had …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse’s unsafe and unsound counterparty credit risk management practices with its former counterparty, Archegos …
https://www.youtube.com/watch?v=jDSNbE6XomQ