The EU Commission is looking to bailout Monte Paschi by almost eliminating more than 5,000 jobs. The Monte Paschi plan that was presented last October called for 2600 layoffs. It is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets. This makes it a critical bank in Italy. […]
QUESTION: I am an 18 year about to attend college, I want to major in economics and minor in history as I want to run for president in my native Cameroon. Should I get a Bachelor’s here in the states and study aboard in either Germany, UK, Egypt or Russia. What are your thoughts? ANSWER: […]
In Germany, Martin Schultz wants to give refugees the right to vote. So if he cannot win with Germans, he wants to give the right to vote to refugees to win by bribing them. The German politicians are now giving them apartments they are constructing that cost about €3 million each. The construction costs actually come out […]
The incident of beating and dragging a passenger from United Airlines so United Employees can get a seat is just an example of how abusive the entire airline industry has become. United’s own pilots have come out to object to the incident. They sent a public letter which claimed that the incident occurred on one […]
After denying that British and other European intelligence agencies have intercepted communications between Donald Trump’s staff and Russian citizens and other Russian citizens during the campaign, the truth has come out that they did exactly that. The Guardian, which has also been extremely anti-Trump, reported: “Britain’s spy agencies played a crucial role in alerting their […]
QUESTION: I was listening to a podcast on Bloomberg interviewing Peter Borsch who I remember you know for the two of you were together on a cycle research board and he worked for Paul Tudor Jones who handed me a copy of the Greatest Bull Market you wrote back in 1986. That was my introduction […]
QUESTION: Wasn’t Andrew Jackson impeached or they began impeachment proceedings because he moved all funds from the Bank of the United States to his pet banks? Do you think they can impeach Trump as they keep yelling about? ANSWER: Andrew Jackson drew a censure resolution from the Senate over his actions in opposition to the Second […]
Floating cities in the sea are getting closer to reality at the Seasteading Institute. Futurists are already thinking about the founding of cities on the high seas. While the original argument was all about when population growth would make land so scarce we would have to move to the oceans, they never counted on cycles. The population […]
Currency, namely YEN, was the main talking point for the day as then yen approached 109 over Two big figures on the week. This obviously the currency move hit the Nikkei which closed down -0.7% all surrounding the on-going geopolitical concerns. Late in US trading news that the USA had dropped a large devise on […]
