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Yesterday’s news that New Jersey may be headed for fiscal peril now that the state’s wealthiest resident, hedge fund billionaire David Tepper is headed for warmer (and more tax receptive climes), caught many by surprise. Not his departure that is, but just how much of New Jersey’s tax revenue was contingent on just this one […]Read More

Having pounded the table on buybacks as the only marginal source of stock purchasing since some time in 2013, we were delighted one month ago when Bloomberg finally got it, writing an article titled “There’s Only One Buyer Keeping S&P 500’s Bull Market Alive.” The answer: corporate stock repurchases of course. This is what it […]Read More

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In what was shaping up to be a low-volume snoozer of a day, things changed dramatically at 10:30am when the DOE confirmed last night’s API data according to which US crude inventories had their biggest weekly decline since January even as distillates and gasoline stocks rose. That headline sent WTI soaring by 5.4%, the most […]

Submitted by Bill Bonner, courtesy of Acting-Man We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear “normal,” the economy staggers on. Staggering on…., Image credit: David Sidmond Last week, we gained some insight […]

In early January, European Commission President Jean-Claude Juncker warned that a Dutch advisory referendum, which took place today, on the bloc’s association agreement with Ukraine could lead to a “continental crisis” if voters reject the treaty. In an interview in January for Dutch daily NRC Handelsblad, Juncker said Russia would “pluck the fruits” of a […]Read More

A Huge Leak The “Panama Papers” tax haven leak is big … After all, the Prime Minister of Iceland resigned over the leak, and investigations are taking place worldwide over the leak. But Why Is It Mainly Focusing On Enemies of the West? But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, […]

Share on Facebook Tweet on Twitter Sokoto Governor Aminu Waziri Tambuwal on Wednesday visited the home of the state chairman of the opposition Peoples Democratic Party (PDP), Alhaji Ibrahim Milgoma, to commiserate with his family over the recent fire incident which razed his house. The visit is interpreted in some circles as a deft move […]

The Nigerian Army said on Wednesday that it had killed a suspected militant in the Niger Delta and injured many others in an attempt to rescue an abducted expatriate in Bayelsa State. Three suspects were arrested but claimed to be victims of the pirates attack, said Colonel Isa Ado, the Coordinator, Joint Media Campaign Centre Operation PULO SHIELD, […]Read More

An Abuja High Court has ordered the Federal Government of Nigeria to allow the former National Security Adviser (NSA) Col. Sambo Dasuki rtd access to his lawyer during working hours to enable him defend himself in the charged brought against him by the government. Justice Hussein Baba-Yusuf gave the order following an application by Mr. […]

Ibrahim Magu, EFCC Boss Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission, EFCC, said in a statement on Wednesday that fraudsters had cloned the telephone number of the agency’s head and have been extorting money from members of the public. “It has become necessary to alert the general public to the activities of fraudsters […]Read More

People walk struggling for space between public transport buses and trucks at the burstling Oshodi bus stop in Lagos 06 February 2006. Oshodi is now a beautiful area. With Nigerians feeling the pains of lining up at petrol stations to buy scarce fuel, the Lagos State Government added salt to injury on Wednesday by announcing […]