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The embattled  erstwhile Minister of Aviation, Chief Femi Fani-Kayode, on Monday met his bail conditions but he awaits verification of some documents by the Economic and Financial Crimes Commission (EFCC). This was made public by Jude Ndukwe, the Media Adviser to the ex-minister. Ndukwe said Fani-Kayode was eager to reunite with his family. “Kindly be […]

The Ossai Ossai Committee assigned to probe the alleged sex misconduct involving three Nigerian legislators will receive a video evidence of the alleged misdemeanours on Thursday.  The video evidence is to be presented before the committee by outgoing ambassador of the United States of America to Nigeria, James Entwistle at th commencement of the public […]

The embattled  erstwhile Minister of Aviation, Chief Femi Fani-Kayode, on Monday met his bail conditions but he awaits verification of some documents by the Economic and Financial Crimes Commission (EFCC). This was made public by Jude Ndukwe, the Media Adviser to the ex-minister. Ndukwe said Fani-Kayode was eager to reunite with his family. “Kindly be […]

In what we can assume was a joke, Supreme Court Justice Ruth Bader Ginsburg said that if Donald Trump wins the presidential election, she’ll consider moving.  In an interview with The New York Times published Sunday, the Supreme Court justice, whose peers traditionally avoid political topics like the plague, said her husband, who died in […]

Piling on to Italy’s growing mountain of worries, this evening the IMF itself warned that Europe’s third largest economy would grow by less than 1% this year and only marginally faster in 2017, slashing its previous forecasts of 1.1% and 1.25% growth for the next two years, mostly as a result of the most convenient […]Read More

Authored by Nomi Prins, via TomDispatch.com, “Establishment: A group in a society exercising power and influence over matters of policy, opinion, or taste, and seen as resisting change.” — Oxford Dictionary Early on in his presidential bid, Donald Trump began touting his anti-establishment credentials. When it worked, he ran with it. It was a posture […]

For all the talk about the surging yen as the biggest threat to Japan’s embattled economy, the truth is that there is another soaring currency (and asset) that is far more troubling for Shinzo Abe. Gold. While in past decades, the natural instinct of Japanese savers when faced with financial uncertainty has been to rush […]

Yesterday, when referring to the latest interview Jeff Gundlach gave Barron’s, we presented the bearish DoubleLine “bond king’s” portfolio which he broke down as follows: “high-quality bonds, gold, and some cash.” He promptly added the following rhetorical response to inbound inquiries: “People say, “What kind of portfolio is that?” I say it’s one that is […]Read More

Jeff Bezos has marked another milestone. Nearly one year to the day following Amazon’s surpassing of Walmart’s market capitalization on the heels of a great report on AWS (Amazon Web Services) growth numbers, Amazon has surpassed another American business icon’s market capitalization, that of Warren Buffett’s Berkshire Hathaway… Notably tomorrow is Amazon Prime Day 2016. […]Read More

For a few months in early 2016 it was cool to make fun of Kyle Bass’ career bet on Yuan devaluation; now that the Yuan is back to 6 year lows and sliding as China once again quietly loses control of its capital outflows, it is not so cool any more. And with every passing […]

A very recently published Harvard study on racial bias in police use of force finds that, as the mainstream narrative proffers, black men and women are treated differently in the hands of law enforcement. However, in what the (African-American) author of the study calls “the most surprising result of my career,” when it comes to […]

Here we go again. China is primed for more bailouts as their corporations and State Owned Enterprises (SOE) continue burning through billions of yuan. At the turn of the month we learned Sinopec manipulated revenues. As Reuters reported at the time, some 12 subsidiaries of Sinopec had fake invoices among other faults. Chinese companies are […]