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New Uber CEO Waited 2 Months To Disclose Data Breach To Investors, Customers
Earlier this month, newly minted Uber CEO Dara Khosrowshahi made his first high-profile public appearance when he sat down for an interview with the New York Times’s Andrew Ross Sorkin. Speaking in...
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Meet Sophia: The Humanoid Robot That Was Granted Citizenship By Saudi Arabia
One of the reasons why Saudi Arabia has found itself in fiscal and budgetary dire straits in recent years, is that as a result of the plunge in oil prices in recent years, the government has been...
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"Markets Have Always Been Wrong" - Jamie Dimon Warns QE's End Will Cause...
JP Morgan Chase & Co. CEO Jamie Dimon’s declaration that he would fire any JPM traders whom he knew were trading bitcoin unexpectedly ranked among the most popular stories on several respected...
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US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions
In an unexpectedly strong diplomatic escalation, one day after China agreed to vote alongside the US (and Russia) during Monday's United National Security Council vote in passing the watered down North...
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Seth Klarman Warns Trump's "Erratic, Overconfidence" Could End Dollar Hegemony
"Can we say when it will end? No. Can we say that it will end? Yes," noted Baupost's Seth Klarman in the past, warning "And when it ends and the trend reverses, here is what we can say for sure. Few...
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Jack Ma Accuses The US Of Spending $14 Trillion On War Instead Of Its People
In a CNBC clip, which slipped between the cracks last week, Alibaba founder Jack Ma, who has been busy trying to get into Donald Trump's "circle of trust", spoke in Davos and blamed the problems of...
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Alibaba'a Jack Ma Drops a Redpill in Davos: The U.S. Wasted $14 Trillion on...
And there it is, the unvarnished, raw, truth about how everything went wrong for middle class America. Since the Vietnam war, more than 45 years ago, the US has embarked on a neocon strategy of war in...
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A Narrative For Every Season: Stocks, Before And After Trump
Submitted by Michael Lebowitz via 720Global.com,"All is for the best in the best of all possible worlds" – Voltaire (Candide/The Optimist)Consider the media headlines and stories published before and...
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The Elite "Have No Idea" - Society Is Near The Breaking Point
Authored by 'Chindit13',What I find most surprising today is that the insiders and the elite have no idea what is percolating just beneath the surface. Okay, maybe their arrogance actually produces...
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Remember Ray Dalio's "Depression" Warning: This Is Where We Stand Now
In recent weeks, Ray Dalio - a vocal proponent of QE4 and certainly against any form of monetary tightening - has been about as doom and gloomy as we have ever heard the head of the world's biggest...
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President Obama Explains What The "Fiction-Peddling" BLS Got Wrong - Live Feed
Grab your popcorn. Having proclaimed his greatest achievement during his presidency as "saving the world from another Great Depression," we wonder what President Obama will have to say today when he...
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Obama Admits Couldn't "Convince Americans Of Recovery", Bashes 'The Big Short'
Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical...
View ArticleQuantitative Easing, Cyprus and Housing
"Hope is a wonderful thing. But we also need to remember that changes in the stock market, the housing market and the overall economy have relatively little to do with one another over years or...
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"As Part Of Our Ongoing Effort To Protect Bank Of America, Zero Hedge Is...
We couldn't have said it better: "Bank of America blocks users from accessing websites that present certain risks to the bank."Let's see, maybe this will get Zero Hedge unblocked: "Just buy BAC stock....
View ArticleNo Third Term For The Chairman
While the theater of the presidential election hits peak season, and InTrade odds for this candidate or that are approaching flash crash territory, the one person who truly runs not only the US, but...
View ArticleAll The World's A Stage
Via Mark Grant, author of Out of the Box, The Theatre of the Absurd Mrs. Ethel Chauvenet: Does Elwood see anybody these days? Veta Louise Simmons: Oh, yes, Aunt Ethel, Elwood sees “somebody.”...
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Lack of Trust – Caused by Institutional Corruption – Is Killing the Economy
People Are Losing Trust In All Institutions The signs are everywhere: Americans have lost trust in our institutions. The Chicago Booth/Kellogg School Financial Trust Index published yesterday shows...
View Article"There Is No Chinese Wall. Please. Come On. This Is Wall Street"
Remember the look on one's face when one hears there is no Santa Claus, or tooth fairy? That, more or less, is what the visage on everyone's favorite CNBC anchors Becky Quick, Joe Kernen and Andrew...
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2 STuPiD 2 SuRViVe (The Real Lessons of Lehman)
. On this eventful third anniversary of the demise of Lehman Brothers, I googled "Lessons of Lehman" to see just what kinds of lessons are to be gleaned from this infamous but hardly unusual Wall...
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Wall Street Bailout: Too Big To Collect?
By EconMatters In light of the recent S&P downgrade of the U.S. sovereign credit rating, the nation suddenly looks more dire financially than before the downgrade ( (at least psychologically, as...
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