California is trying to scheme to circumvent the Trump Tax Reform which limits deductions to $10,000 in state taxes from their federal returns. Of course, the California press portrays this as punishment for voting for Hillary. But they support higher taxes as long as they get to deduct them from the Feds, which has been […]
A former police officer, Steven Mader (center), who was fired for not shooting a black suspect during a standoff in Virginia. Mader was the first responding officer to a 2016 call involving Mr. Williams, a 23-year-old black man who he believed to be suicidal. Mader made the determination that Williams did not pose an immediate threat […]
Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face to face with the stark reality that IF the ECB stops buying government bonds, there will be NO BID at these price levels. Interest rates will skyrocket dramatically. On […]
Not such a convincing day today for Asia as Shanghai and Hang Seng returned yesterday gains, whilst the Nikkei and ASX added to the move. Both the mainland and HSI attempted gains but were quickly rejected soon after the open. These moves have reversed only some of the recent gains but probably expected ahead […]
We are beginning to observe institutional investors withdrawing from bonds issued by companies whose credit ratings are in question. Many are also selling off other classes of bonds in anticipation of higher rates. The trend toward investing in high yielding debt mainly by pension funds has begun to reverse albeit gradually. Because of the low yields, […]
The symbol of medicine comes from a small town located on the Peloponnese in Greece known as Epidaurus. People would travel there to pray for their health to Asclepius (Greek: Ἀσκληπιός) who was the god of medicine in ancient Greek religion and mythology. Asclepius represented the healing aspect of the medical arts. They would pray to his […]
I want to thank everyone for all the flowers, cards, and donations in my mother’s name. It was very touching and the funeral home never saw someone with such a response from around the world. Maggie always asked me about my mother all the time. I hope my mother and her sister are having an […]
Source: Wikipedia QUESTION: Vitalik Buterin, the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.” Do you agree with him? It seems […]
QUESTION: Mr. Armstrong, My father was ______ the banker who commissioned you to do the Turkish lira hedging project in 1983. He passed away as you know. I found this material in his files on Turkey that you apparently published back in 1985. Some articles are saying that Turkey is the epic center of debt. […]
We are witnessing the rebuke of career politicians by career politicians. The California Democratic Party took a vote and it concluded it will not endorse Senator Dianne Feinstein’s re-election bid this year. Feinstein is 84 and the oldest politician there who wants to run for another 6-year term. The delegates at the party’s annual convention […]
