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Mr. Olose, a 54 years married man with 6 children is currently in police detention for allegedly defiling a 7 years old girl, (name withheld) who he allegedly lured to nearby bush close to his compound at Fovie street, Sapele, Delta State. Mr Olose is a core loyalist to Delta state speaker, Monday Igbuya, He served as […]

Heavy rain in China has killed at least 87 people and forced 16 million from their homes, state media reported on Saturday. Seventy-two people have been killed and 78 are missing in the northern province of Hebei after rain triggered floods and landslides, the Xinhua news agency reported, citing the civil affairs department. Nearly 50,000 […]

The Central Bank of Nigeria (CBN) has directed that foreign currency realised from inward money remittances should be sold to licensed Bureau De Change (BDC) operators. CBN gave the directive via a circular with reference number, “TED/FEM/ FPC/GEN/01/004, dated 22nd July 2016 and posted on its Website. The circular, which was signed by the Acting […]Read More

It appears the “doom-and-gloom” reality-check that President Obama (and Hillary Clinton) prefer to ignore, is working. Between FBI Director Comey’s shocking decision over Hillary’s emails and the Convention Bump, Trump appears to have hit enough correct notes with his polarizing speech to give him enough of a bounce to be virtually tied with Hillary in […]Read More

There are three key findings to emerge from yesterday’s dump of leaked DNC emails released by Wikileaks: There had been a plot designed to smear Bernie Sanders and to hand the Democratic nomination to Hillary on a silver platter There has been repeated collusion between the DNC and the media There has been questionable fundraising […]

Submitted by Jeffrey Snider via Alhambra Investment Partners, Some people have impeccable timing. Even if by accident, there are occasions when what they say or write comes out in almost perfect sequence. At the end of August 2014, UC Berkeley economist J. Bradford DeLong wrote an article for Project Syndicate that argued in favor of […]

With 25% of companies reporting Q2 earnings to date, 68% have reported deeply adjusted, non-GAAP earnings above consensus while 57% have reported sales above the mean estimate. Keep in mind that coming into the earnings session, most sellside research had deeply slashed their EPS expectations, especially as we got closer. However even with the modest […]

Submitted by Claire Bernish via TheAntiMedia.org, Lurched back and forth in the ever-quickening spiral of an American empire circling the drain, we — as a people — have chosen battle lines on nearly every issue from politics to foreign policy, domestic surveillance to policing. Thrust back into national focus, the last issue — policing in […]

With the failed/staged Turkish coup quickly fading from memory and media attention, just as Erdogan likes it, and opposition from “western democracies” to a historic purge virtually non-existant aside from the occasional media soundbite, overnight Erdgoan implemented his first decree since imposing a state of emergency in the country last week, and tightened his grip […]

US lawmakers dropped a nuclear bomb on the Forex industry called “Dodd-Frank” which implemented a series of rules and regulations that killed all life in the budding Forex industry, in USA.  We explain this is detail in Splitting Pennies – Understanding Forex; the rules are widely misunderstood, and widely catastrophic for trading Forex.  You can […]

Excerpted from David Stockman’s forthcoming book “Trumped! A Nation On The Brink Of Ruin… And How To Bring It Back”, Part 1 here…, …Massive debts, no good jobs, faltering productivity, soaring entitlements, declining net investment and drastically shrinking household incomes add up to an unprecedented assault on America’s vaunted middle class. In fact, the middle […]Read More

It’s not just former Fed economists who are getting worried. So is Goldman. As we wrote last weekend, “With “Stock Valuations At Extremes” Goldman’s Clients Are Asking Just One Question“, namely how much longer can the rally continue.  This followed another Goldman warning from two weeks ago, where as we noted before, “Goldman Warns Of […]Read More