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Articles by Sivad UK
Bill Clinton: "Sometimes I Wish We Weren't Married"
Yesterday it was the irony of "sexist" Sanders' claims. Today, Hillary's husband is at it again - making headlines for all the wrong reasons... As NBCNews reports, in his last appearance before the primary here on Tuesday, former President Bill Clinton said he wishes "sometimes" that he wasn't married to Hillary Clinton because then he could speak more freely.
CEO To Yellen: "Let Us Tell You What We Are Seeing!!"
With Financial Stress Index near cycle highs and macro data collapsing (in Services and Manufacturing) even CEOs are questioning Janet Yellen's timing... "I don’t mean to make anybody too worried about this stuff, right? We can speak less about stuff and pretend like everything’s just always great. I don’t think – I don’t think that’s the right way to build partnerships.
Citi "Resizes Infrastructure" Post Fed Rate Hike - Slashes 2,000 Jobs
Perhaps in a recognition of the collapsing yield curve, and for sure in the face of the mainstream's bullish narrative on US banks in a post-rate-hike paradigm, Citi has announced plans to cut at least 2,000 jobs starting next month. Despite exuberance over higher rates, it appears Citi's CEO Michael Corbat wants to restructure some of the bank’s businesses.
Not "Off To The RACEs" - Ferrari Crashes Below IPO Price
From its highs at $60.97 (after opening at $60), Ferrari has crashed over 16% and broken below its IPO prices today... Or put another way... As no lesser market expert than Bob Pisani explained on the day of Farrari's IPO: But what about Ferrari? The pressure on it is not nearly as intense. It's a different story.
Why A Russian Default Is A Very Real Scenario In 2016
Everyone understands it pretty well when it comes to their personal finances. You borrow money, you have to pay it back. If you can’t, your creditor hounds you until you either come up with the cash or restructure your repayment schedule. Or, worst case, you eventually file for bankruptcy, thereby defaulting on your debt. Simple. Yet people, especially in the West, seem blithely unaware that the same basic principles apply to countries, as well.
Aging Prison Population Sends Health-Care Costs Soaring
Submitted by Matt McKillop via The PEW Charitable Trusts, In a year when the nation’s overall prison population dropped, the number of older inmates grew rapidly in 2014, continuing a trend that translates into higher federal and state prison health care spending. New federal data show that from 1999 to 2014, the number of state and federal prisoners age 55 or older increased 250 percent.
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