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One week ago, we were surprised to see that none other than data aggregator Factset has joined the “crusade” against fabricated non-GAAP numbers. This is what it said: For FY 2015, 20 of the 30 companies in the DJIA (or 67%) reported non-GAAP EPS in addition to GAAP EPS for the fiscal year. For 18 […]

Friday was the second anniversary of Russia’s annexation of Crimea from Ukraine. To mark the event, Vladimir Putin paid a visit to the island of Tuzla, where he checked in on a construction project aimed at bridging the Black Sea peninsula with the Russian mainland. The bridge, which is expected to cost somewhere in the […]

Submitted by Michael Krieger of Liberty Blitzkrieg Least transparent administration ever. The Associated Press reports: WASHINGTON (AP) — The Obama administration set a record for the number of times its federal employees told disappointed citizens, journalists and others that despite searching they couldn’t find a single page requested under the Freedom of Information Act, according […]

Donald Trump is going to make America great again. But you already knew that. The question many voters have, is how exactly he plans to do it. The frontrunner has thrown some rather vague ideas out there, some of which focus on trade. Everyone has by now heard the “Trump stump”: “We don’t win anymore. […]Read More

8 Shares Share Tweet Share Share Email The story about illegal staff recruitment by the Central Bank of Nigeria, CBN, is as depressing as the revelatory “authority stealing” we are told the previous administration engaged in. The CBN skewed recruitment, said to have begun in 2014, have persisted even under President Muhammadu Buhari – a […]

3 Shares Share Tweet Share Share Email Ekiti State Governor, Mr. Ayodele Fayose, declared on Saturday that following the chaotic election in Rivers State earlier in the day democracy is now in danger in Nigeria under President Muhammadu Buhari and anarchy looms. Mr. Fayose referred to President Buhari as “a rampaging beast that is ready […]

15 Shares Share Tweet Share Share Email Ekiti State Governor, Mr. Ayodele Fayose, referred to President Muhammadu Buhari on Saturday as “a rampaging beast that is ready to consume democracy and rule of law in Nigeria” and warned that it would be a tragic mistake for noble men to remain silent as the country falls apart. […]

4 Shares Share Tweet Share Share Email Cameroonian and Nigerian armed forces have freed hundreds of hostages held by Boko Haram, including dozens of girls and women either forcefully married or held as sex slaves, Voice of America reported on Saturday, saying that it had spoken to several of them. The captives were freed after […]

As the CBN’s Monetary Policy Committee gets set to meet on Mach 21 and 22 they will have their minds firmly occupied with the latest inflation figures. According to the National Bureau of Statistics, February inflation rate came in at about 11.4%. This is higher than the monetary policy rate (MPR) currently fixed at 11%. […]

Whenever Marc Faber appears in the financial media, in this case Bloomberg TV, one can expect the usual fire and brimstone sermon of how micromanagement of the global economy by central bankers will lead to disastrous results, something which we agree with wholeheartedly and as of two months ago, so did virtually every billionaire at […]

A Boeing 737-800 operated by Dubai-based budget carrier Flydubai, flying from Dubai to Russia, crashed yesterday at 0340 local time (0040 GMT) on its second attempt to land at Rostov-on-Don airport on Saturday, Russian officials said. All 62 people on board, most of whom were Russian. were killed. “The aircraft hit the ground and broke […]

For the fourth time this year and the second time in seven days, one of Turkey’s major cities has been hit with a deadly suicide bombing. Just six days after an explosion ripped through a transit hub in Ankara’s Kizilay neighborhood killing 34 people and wounding more than 100, a bustling shopping street in Istanbul […]