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The higher the market goes, the more bearish DoubleLine’s “bond king” Jeff Gundlach seems to get. Case in point, just yesterday we showed why according to Gundlach’s most recent interview with Barrons, things will get worse in the future, not better. And yet stocks keep going higher (thanks to central banks). So have the new […]Read More

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Against expectations of a 3mm draw for Crude (and 900k draw for Cushing), API followed last week’s surprisingly large draw (later dismissed by DOE) with an even more surprising build (2.2mm) this week – the biggest build in 10 weeks. Cushing saw a smaller than expected draw but Gasoline and Distillates saw major builds. Crude […]

Submitted by Mike Krieger via Liberty Blitzkrieg blog, If for some bizarre reason you still have any faith left in the U.S. government, this should take care of it. “Thanks for the question… and we have no comment because there is an ongoing investigation..” rinse. repeat. [embedded content] Why hold a press conference at all?

Motunrayo Famuyiwa-Alaka, Coordinator, Wole Soyinka Centre for Investigative Journalism With Nigeria’s current economic challenges, exacerbated by fallen oil prices, the government is seeking to enforce taxation as a sure means of raising funds to support development. The Federal Inland Revenue Service is enforcing compliance by shutting down companies for tax avoidance and issuing ultimatums, among […]

In a statement, the Nigerian Prisons Service said a major redeployment of senior officers has been approved by the Controller-General of Prisons,  Ja’afaru Ahmed. NPS Statement is below A major redeployment of senior officers of the Nigerian Prisons Service nationwide has been approved by the Controller-General of Prisons,  Ja’afaru Ahmed. The posting instruction letter issued […]Read More

During the year under review (2015), the Disciplinary Committee of the Nigerian Stock Exchange, following its hearing of and deliberation on complaints against Fittco Securities Limited, recommended to the Council, and the Council approved the expulsion of Fittco Securities Limited as a Member of The Exchange and revoked its Dealing Member license. The Committee consequently […]

The new board and management of Skye Bank Plc have been saddled with a huge task of turning the bank around following Central Bank’s revelation that the bank had failed to meet requirements of its regulatory prudential ratios. The task is daunting considering how difficult it has been for the bank to raise money in […]

Running a massive corporation is a stressful thing. And sometimes, that stress can push executives to substance abuse. Imagine, for example, you’re an executive at an American fast food chain specializing in build-it-yourself burritos, a chain that just can’t seem to stop selling E. coli- and norovirus-contaminated wraps. Would anyone really be all that shocked […]

As if working in law wasn’t tough enough already, now you’re at the office facing the prospect of another day of subtle (or not so subtle) verbal abuse from your superiors. You figured that this was part of the tacit hazing-slash-training that came with the new-associate territory. But now you’re beginning to wonder: “Is it […]Read More

Under the terms of a 1997 settlement, minors must be released from Immigration and Naturalization Service detention centers, the Ninth Circuit ruled last week. That settlement, known as the “Flores agreement,” established a “nationwide policy for the detention, release, and treatment of minors” in INS custody, Judge Andrew D. Hurwitz wrote for the three-judge panel, […]

Another set of survivors have filed suit against Facebook following revelations that Hamas and other terrorist organization had been recruiting militants via the social media site. We say “another” because suits like this have happened before — and they’re likely to continue as the theory of the law settles. Does the desire for society to […]