I am a bit burned out and I need time to recuperate. Also, I have some other things I need to work on, including developing some other revenue…
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NATO Members Continue Trading with Russia Despite Sanctions
MikeRivero
Fri, 06/09/2023 - 09:11
Two recent reports have uncovered billions in trade between members of the North Atlantic alliance and Russia since the Kremlin ordered the invasion of Ukraine last year.
It's Over! South Africa is F*
MikeRivero
Fri, 06/09/2023 - 08:34
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Webmaster addition: And the rest of the world will rush in to plunder South Africa's mineral wealth!
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BlackRock CEO Larry Fink defended the environmental, social and governance (ESG) standards in a 2017 video that has resurfaced on social media, In particular, Fink stressed the need to “force behaviors.”
It’s turning into a banner year for corporate bankruptcy filings, after years of Easy Money that caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed yields with all its might. Those yield-chasing investors kept even the most over-indebted zombies supplied with ever-more fresh money. But that era has ended. Interest rates are much higher, and investors are getting a little more prudent, and Easy Money is gone.
Exxon Mobil CEO Darren Woods has urged companies to stop focusing on certain energy sources, such as renewable energy, to save the climate, warning that it would be a “huge mistake to be picking winners and losers and focusing on specific technologies”.
As tensions between the U.S. and China continue to ratchet higher, Sequoia Capital isn't waiting for sanctions or interruptions to its business. Instead, it's taking the proactive step of splitting its China business out on its own.
The firm is going to run its China business as a “completely independent” entity from its US operation, a new report from FT revealed this week.
"Just Tip Of Iceberg": CMBS Storm Unfolds As Delinquent Office Loans Hit Five-Year High
MikeRivero
Fri, 06/09/2023 - 07:45
The commercial real estate space is experiencing stress following the recent turmoil in the regional bank sector, with the rapid rise in interest rates, tightening lending standards, and structural changes, such as sliding demand for office buildings.
Some structural factors, such as remote work and hybrid work, have doomed the office space segment. This has left empty office buildings scattered across major US cities as the number of landlords falling behind on repayments due to the difficulty of refinancing and high vacancies has hit a five-year high.
Small business owners are calling on Congress to address inflation by easing business regulations and taxes. They say Biden administration policies show disdain for small businesses.
Silvia Lee, executive vice president, and Chief Lending Officer for First Community Bank in Corpus Christi, Texas, said a commercial customer told her he felt targeted.
On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled.
It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.
It could happen in just a few years.
The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave.