After Blowing $43 Bn on Share-Buybacks in 6 Years, Boeing Scrambles to Borrow $10 Bn, on Top of a $9.5 Bn Credit Line in Oct, to Fund its 737 MAX Fiasco

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Having become a master of financial engineering instead of aircraft engineering. By Wolf Richter for WOLF STREET. The first thing to know about Boeing’s mad scramble to line up “$10 billion or more” in new funding via a loan from a consortium of banks, on top of the $9.5 billion credit-line it obtained in October last year – efforts … Read more

The benefits of using iFOREX

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There are numerous trading sites online, all battling over traders’ attention and investments. With an increasing number of choices, it can be very difficult to make an informed choice. Well, this is where we come in. Today we will give you a quick insight into a leading broker called iFOREX and tell you everything you … Read more

Cases Of China’s New Mystery Virus Have Quadrupled, Human-To-Human Transmission Confirmed, And It May Soon Arrive Here

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by Michael Snyder The mysterious new virus that is starting to spread very rapidly in China has global health officials extremely concerned.  On Wednesday, the World Health Organization will convene an emergency meeting to discuss whether this outbreak should be “declared a global health crisis”, and screeners are being put in place at airports all over … Read more

Nomi Prins: Fed Gives Market Half a Trillion Through Repo – Now What?

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The Power & Market Report, Released on 1/20/20 “There’s a lot of chatter within the Fed…about whether their inflation targets even make sense.” Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as … Read more

Top financial operative for Joaquín “El Chapo” Guzmán & the Sinaloa Cartel extradited to the United States

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Robert Arce ‏ @robertrarce 21m21 minutes ago More 1) Top financial operative for Joaquín “El Chapo” Guzmán & the Sinaloa Cartel extradited to the United States. José Sanchez Villalobos, aka “El Topo” or “El Quirino,” also referred to as the “El Señor de Los Túneles” or the “Lord of the Tunnels” 1) Top financial operative … Read more

“Boiling Conflict” to Push Gold Past $2,000 in 2020

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From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: CIO of world’s best-performing fund sees gold hitting $2,000, gold is still the go-to haven asset, and Victorian-era £5 gold coin fetches nearly $700,000 at an auction. Bridgewater CIO: Gold could hit … Read more

The Shipping Industry’s $1 Trillion Problem

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By CityAM The shipping industry must spend at least $1 trillion on new fuel technology if it is to meet UN emissions targets by 2050. According to a new study by experts from UCL and the Energy Transitions Commission, the minimum average that would need to be spent every year from 2030 is $50bn. Global … Read more

One third of 18-34 year olds living at home with parents as student debt rages out of control

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via My Budget 360 Young Americans are having a tough time in this economy when it comes to pursuing their own version of the American Dream.  New data highlights that many young adults are still living with their parents deep into adulthood and this is largely being driven by economic reasons.  This is all happening during a time … Read more

Wolf Richter: Housing Bubble 2 in San Francisco & Silicon Valley Lost its Mojo. Why?

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Wolfstreet, Released on 1/19/20 Even as the Fed has flooded the market with $400 billion in four months, as stocks are at record highs, and as reality is being pooh-pooed as irrelevant. What’s different this time? Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of … Read more

MSM’s – NYT, in a “brilliant move”, splits their diminishing influence and relevancy in the upcoming primaries.

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by AC LAYERS AND LAYERS OF FACT CHECKERS AND EDITORS: As of the time of this post, the link does indeed go to a 404 page: Even the Times’ fellow leftists at Slate are dunking on the hapless Gray Lady: New York Times Editorial Board: For President, Warren—and, Uhhhh, Also Klobuchar. A split decision is no decision at all: The indecisiveness might … Read more

Liberals Still Paranoid About Operation Chaos

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via rushlimbaugh RUSH: This is kind of funny. This is… (chuckles) Do you remember Operation Chaos? What year was Operation Chaos? (interruption) You don’t remember Operation Chaos? Operation Chaos was 2008. John McCain won the Republican primaries early. By the early spring of 2008, there was no more drama left in the Republican race. But the … Read more