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The Federal Government, Wednesday announced the appointments of Chief Executive Officers (CEOs) of six parastatal agencies under the Ministry of Information and Culture. Minister of Information and Culture, Lai Mohammed through his Special Adviser Segun Adeyemi,named the following: Bayo Onanuga as Managing Director of News Agency of Nigeria. Yakubu Mohammed as Director-General of Nigerian Television […]

It seems that the world’s largest trafficker in illicit drugs likes his prison in Mexico, or at least, he doesn’t want to face jail and court time in America where he is less likely to escape this country’s maximum security prisons. It’s a bit of an annoying development for American prosecutors who quietly agreed to […]Read More

What’s the best response to someone making fun of you on Twitter? Probably not to sue them for libel. One lawyer learned that lesson the hard way last week, after his case was tossed from court. Todd Levitt is a Michigan lawyer, former adjunct at Central Michigan University, and self-described “badass” who sued a former […]

Legal practice is often a high-stress job. There’s the trying work hours, the high-stakes outcomes, and the horrible opposing attorneys or trying clients. It’s enough to cause an esquire or two to unleash a near-constant stream of unprintable profanities. Cursing under his breath at court got one attorney publicly reprimanded recently. Meanwhile, a major microbrewery […]

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man’s Pater Tenebrarum), Black-and-Blue Crash Alert Flag Let us  begin the week “on message.” The Diary is about money. Today, we’ll stick to the subject.  Old friend Mark Hulbert has done some research on the likelihood of a crash in the stock market. Ye olde tattered Crash […]Read More

A calm protest quickly turned violently chaotic at a Donald Trump rally yesterday in Albuquerque, New Mexico. Protesters started to gather around 4pm in what until then was a low key protest: they chanted anti-Trump slogans, held anti-Trump signs and waved Mexican flags before the demonstration descended into chaos with some protesters standing on top […]

After a brief dead cat bounce, the US services economy has tumbled back to 3-month (near 7 year) lows, missing expectations by the most on record. With the slowest pace of hiring since Dec 2014 (signalling a mere 128k rise in payrolls for May), business optimism plunged to record lows (since the survey began in […]

How do you know the Fed is justified in hiking again, the economy is recovering, and the market are zooming higher? One hint is the just announced thousands in layoffs in both the energy and tech sector, among which are Shell, which announced it would layoff 2,200 jobs; Microsoft reporting it would cut 1,850; and […]

In a surprising reversal, what many thought was impossible, namely the State Department cracking down on its former head and Democratic presidential frontrunner, Hillary Clinton, seems all too possible following news that the State Department Insecptor General audit has faulted Hillary Clinton, other secretaries of state for poorly managing electronic communications. CLINTON’S FAILURE TO SURRENDER […]

The July WTI contract neared $50 for the first time since early November ahead of this morning’s DOE data, extending gains from last night’s API-reported biggest draw since 2015 (which we warned seemed like catch up from a big build last week). DOE confirmed the big draw with a 4.22mm drop in inventories (less than […]Read More

Submitted by Charles Hugh-Smith of OfTwoMinds blog, There are a number of reasons why adopting the USD is a natural choice for any Venezuelan government that is not bent on self-destruction. Let’s start our analysis of Venezuela’s economic plight with two exhibits: Exhibit A is a chart of the market (free) exchange rate of the […]

Just when the Greek debt deal appeared certain even if as we reported last night, virtually all the funds from the approved first tranche would go to repaying creditors, the IMF, which has been pushing for more debt relief since last summer, appears read to pull the plug again, following a report that the IMF […]