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Submitted by Leonard Hyman and William Tilles via OilPrice.com, First its new president, Jean-Bernard Levy, said French state utility EDF would delay a decision on its joint French-Chinese nuclear project in the UK, Hinkley Point. That was over a year ago. Then the CFO of EDF, Thomas Piquemal, quit reportedly because he opposed the project […]

In the new normal, where bad news is good news, stagnation is growth, and depression is a buying opportunity, it should be no surprise that the so-called “safety stocks” of the Consumer Staples sector have never been more risky. At a P/E valuation of 22x, food, beverage, and tobacco companies have never been more expensive. […]

Submitted by Dan Popescu via Acting-Man.com, The Inflation Illusion We hear more and more talk about the possibility of imposing negative interest rates in the US. In a recent article former Fed chairman Ben Bernanke asks what tools the Fed has left to support the economy and inter alia discusses the use of negative rates. We first […]Read More

Three months after Japan unveiled NIRP – mostly for local banks – the effect for everyone else has finally arrived. As IB warns its FX traders, starting Monday, Interactive Brokers “will move to a credit interest policy which allows for negative rates on long cash balances held in JPY where accounts with balances over approximately […]

Submitted by Wall Street Examiner’s Lee Adler via Contra Corner blog, Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy. Growth in new home sales has always been dependent […]

Cameroonians marching against Boko Haram last year At least nine Boko Haram members have been gunned down in Nigeria and two Cameroonian women kidnapped this week have been rescued, a report said on Saturday. The confrontations between Cameroonian civil defence warriors and men of Abubakar Shekau took place last night in the Nigerian town of […]

Bukola Saraki President of the Senate, Dr. Abubakar Bukola Saraki, has commiserated with the government and people of Edo State over the call to glory of the Oba of Benin, Omo n’Oba n’Edo Uku Akpolokpolo, Oba Erediauwa, as he said “we have lost a People’s monarch.” In a statement  by the Special Adviser, Media & […]Read More

Good seems to be at war with evil in Nigeria and many people are already praying that good should prevail. In Hausa language, Boko Haram means “Western education is evil”. Now, a non-governmental organisation has come up with Boko Halal, which means “education is good”, a direct ideological attack on Nigeria’s dreaded terror group wreaking havoc […]Read More

Tawia Acheampong, a sympathiser of Prophet T.B. Joshua tries to compare the building collapse at the Synagogue Church of All Nations (SCOAN) in 2014 with Kenya Building Collapse to justify the church’s position that the building did not come as a result of structural failure, but due to a control demolition. On April 29th 2016, […]

Generated by IJG JPEG Library The #Bringbackourgirls advocate, Oby Ezekwesili, who has not been given any political appointment by President Muhammadu Buhari after rising against former President Goodluck Jonathan, has started criticising his economic policies, describing them as opaque and archaic. She said what did not work in the 1980s cannot certainly work now in […]

The government of President Muhammadu Buhari is “completely and irrevocably committed to change”, Nigeria’s Vice President, Professor Yemi Osinbajo, declared on Saturday, calling on Nigerians to remain patient but hopeful that “the time is now”. “it’s a new day in Aso Rock,” the Vice President, a pastor, declared in a speech at The Platform, a […]Read More

R-L: Wife of the Lagos State Governor, Mrs. Bolanle Ambode, Governor Akinwunmi Ambode; APC National Leader, Asiwaju Bola Tinubu and his Wife, Senator Oluremi Tinubu during an evening of Jazz Music with the Governor in commemoration of the International Jazz Day 2016, at the Lagos House, Ikeja, on Saturday, April 30, 2016. L-R: Lagos State […]