You can’t cherry pick what you want from the bible — especially Leviticus — ignore the rest, and not think anyone is going to call you out on it: Source: The Nib
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Talk of a domestic parallel currency being introduced in Italy is not new. But it has been reinvigorated this week because of an interview with Silvio Berlusconi (a longstanding proponent of the idea) in Italian publication Libero Quotidiano,...
Stars -- they're just like us! Jay-Z and Beyoncé take out conventional mortgage on $88M Bel Air home
``Power couple Jay-Z and Beyoncé took out a conventional mortgage to help finance their new Bel Air spec mansion -- amounting to an unconventional $52.8 million. The amount equates to 30 years of monthly payments at $252,075, based on an...
``The main bearish thesis, which I listed as something that short sellers might wish to consider, was that the company was now missing EPS estimates so badly that, in the face of what I expected would actually be good results from conventional...
Louise Linton, the labels-loving wife of Steven Mnuchin, replied condescendingly to an Instagram poster about her lifestyle and belittled the woman, Jenni Miller, a mother of three from Portland, Ore., for having less money than she...
Ellen Zentner, the chief U.S. economist at Morgan Stanley, discusses how the US presidential election has impacted the firm’s global clients. “You must remain the calm voice in the room, coming...
By Ryan Grim (reposted with permission)
Did you know that shortly after the U.S. invaded Afghanistan, the Taliban tried to surrender? For centuries in Afghanistan, when a rival force had come to power, the defeated one would surrender and be...
Amid a crackdown on unauthorized mainland currency outflows by forcing ATM users to undertake facial recognition before cash is dispensed in Macau, Hong Kong ATMs are reportedly being hit by a massive surge in withdrawals from China's UnionPay...
``A new report from Hurun Report Inc., concludes that over half of Chinese citizens with a net worth over $1.5 million are considering emigrating from China, with a shocking 84% citing the depreciation of the Chinese yuan as a principal concern.''
The Tax Foundation has an interesting graphic, showing purchasing power differences at the metropolitan level, i.e., how far $100 dollar goes city by city. Two caveats: Everything you buy at...
Fascinating: The U.S. economy has finally regained its pre-recession levels of employment and Gross Domestic Product (GDP). What does that mean? More people are getting hired, and they’re spending...
My two-fer Tuesday morning train reads: • Did ancient peoples really predict solar eclipses? (NASA) see also Learning From the First Eclipse Media Event (BloombergView) • Are Long-Term Investors...
Fifty years ago, a helicopter company called New York Airways whisked passengers from the rooftop of the iconic Pan Am Building in midtown Manhattan to any city airport in just 10 minutes. A fatal...
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Solutions abound, but they require the retirement of obsolete systems that defend entrenched interests and soul-crushing inequalities.
It turns out Nero wasn't fiddling as Rome burned--he was 60 km away at the time. Did Nero Really Fiddle While...
``A total of 14 contracts were signed at $4 million and above, according to the weekly report from Olshan Realty. There were no contracts on pads asking $10 million or more, something that hasn't happened since the week of Hurricane Sandy in...
Nuclear waste poses a serious threat to public health if it’s not stored in a safe place. John Oliver explains why the United States desperately needs to build a metaphorical toilet for all that...
``Since the company acquired Precision Castparts for $32 billion in a deal announced in August 2015, the company has had difficulty finding any large deals. In fact, all Berkshire has used its cash for this year has been a few stock purchases,...
Our Inner Investing World Doesn’t Reflect Reality We tell ourselves stories about how things work that may be at odds with how they really do. Bloomberg, August 21, 2017 “What the hell is...
We have a very exciting announcement: Tim Buckley, the incoming CEO of Vanguard Group, will be appearing at this November’s 2nd annual Evidence-Based Investing Conference in New York City. He...
Its eclipse day! Back to work with our morning train reads: • How a New Audit Rule Could Bring Sunshine to U.S. Markets (MoneyBeat) • No, Steve Bannon Did Not Resign on Aug. 7 (CNBC) see also Why...
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