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Gov. Darius Ishaku of Taraba has directed the state-owned university in Jalingo, to suspend all employments it carried out from 29th May 2015 to date. This is contained in letter with reference number MOE/S/34/169 dated March 22, signed by one Bala Fwadu, for the state Commissioner for Education.   The letter, addressed to the Registrar, […]

President Muhammadu Buhari on Monday in Abuja stressed the urgent need to ensure that the potentials of Nigeria are harnessed and used for the good of the country. Receiving the President of the International Civil Aviation Organisation (ICAO), Dr Bernard O. Aliyu at the State House, Abuja, President Buhari declared: “Nigeria needs to work on […]

Submitted by Howard Kunstler via Kunstler.com, “He says what he really thinks.” That is the standard explanation for the astounding political rise of Donald J. Trump. Somehow the news media have missed the meaning of this: that the rest of political America refuses to say what it really thinks. Why is that and how can […]

As the shock from the initial revelation of leaked Mossack Fonseca files fades away, one recurring question has emerged: why were there no American clients of the firm named (at least not yet)? After all, leaders in Iceland, Russia, Ukraine, Brazil, Australia and many other nations are already facing questions about their use of the […]

A few weeks ago we penned an article on Open Source Ecology, an exciting new manufacturing concept developed by Dr. Marcin Jakubowski and his colleagues. Given its potential to create a multitude of self-reliant jobs and bring about a true manufacturing renaissance in much of the developed world, we thought that it would generate a […]

Under the auspices of “protecting clients from criminal activity,” JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank’s ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted […]

Thousands of people are gathering in Reykjavik’s Austurvöllur square in front of the parliament building to vent their anger over the previously discussed revelations involving Prime Minister Sigmundur Davíð Gunnlaugsson and the Panama Papers. As a reminder, various local politicians have already asked for his resignation which he has refused to grant. Additionally, as Iceland […]Read More

Whether you define gold as a barbarous relic, a pet rock, “tradition“, or “doomed“, Russia surely refers to it as a saving grace. As Russia’s foreign reserves dwindled to just under $350 billion in early 2015, many predicted Russia was going to burn through all of their reserves in the not too distant future as […]Read More

Submitted by David Stockman via Contra Corner blog, Simple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater! The stock market has been desperately trying to correct for months now because even the casino regulars can read the tea leaves. That is, […]Read More

Nothing to see here, move along… [embedded content] But but but the “great” jobs data… The dead-cat-bounce is over… Trannies had a tough day… But US equities are holding on to some of the gains from Friday’s exuberance… Notably there was significant selling at VWAP (suggesting institutional derisking)… Treasuries traded in a worryingly narrow illiquid […]Read More

Submitted by Lance Roberts via RealInvestmentAdvice.com, Over the weekend, Donald Trump, in an interview with the Washington Post, stated that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market. Of course, such a distinctly gloomy view of the economy […]Read More

“cumulative losses over the length of the entire cycle could be worse than we’ve ever seen before”      – BofA High Yield strategist Michael Contopoulos While not as quixotic as Morgan Stanley’s Adam Parker piece on market-chasing cockroaches, BofA high yield analyst Michael Contopoulos has moved beyond merely bearish and is now outright catastrophic . […]Read More