South Korean Man Sets Himself on Fire at Japanese Embassy in Seoul

SEOUL, South Korea — A man set himself on fire in front of the Japanese Embassy in Seoul, South Korea, on Friday amid escalating tensions between the two countries over Tokyo’s move to impose trade restrictions against South Korea. The man, identified by the police only as a South Korean in his 70s, parked his […]

Australia Conducts It's “Largest Amphibious Assult Since WWII”

A joint Australian-U.S. military exercise, called Talisman Sabre 2019, will continue through early August following this week’s Australian-led amphibious landing at Langham Beach, Queensland, Australia, reported Naval Today. Forces from around the world (the U.S., New Zealand, United Kingdom, and Japan) practiced one of the most massive beach assault since World War II off the […]

Exclusive: IEA revising oil demand growth forecast down on slowing economy

NEW DELHI (Reuters) – The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. Picture taken […]

IEA says does not expect 'huge increase' in crude prices

FILE PHOTO: International Energy Agency Executive Director Fatih Birol speaks during the “Rome 2015 MED, Mediterranean dialogues” forum in Rome, Italy, December 11, 2015. REUTERS/Max Rossi/File Photo NEW DELHI (Reuters) – The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude […]

GM's mid-engine Corvettes roar onstage to take on Europeans

TUSTIN, Calif. (Reuters) – General Motors Co (GM.N) unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment. Mark Reuss, president of General Motors Company, gestures next to the […]

Should Alaska cut state university funding by 41 percent?

That is what they have done, in order to boost the Permanent Fund Dividend payments to the citizenry.  Here is the closing segment from my Bloomberg column: I see Alaska’s decision as reflecting two broader trends in the U.S. First, a lot of small educational institutions are closing, consolidating or drastically cutting back, most of […]

E.P.A. Won’t Ban Chlorpyrifos, Pesticide Tied to Children’s Health Problems

WASHINGTON — The Trump administration took a major step to weaken the regulation of toxic chemicals on Thursday when the Environmental Protection Agency announced that it would not ban a widely used pesticide that its own experts have linked to serious health problems in children. The decision by Andrew R. Wheeler, the E.P.A. administrator, represents […]

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks

CHANTILLY, France/WASHINGTON (Reuters) – U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow. Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts over the phone, Lighthizer’s office said […]

Microsoft shares hit record highs, powered by growing cloud sales

(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since […]

Icahn launches proxy fight after stalled talks with Occidental CEO

HOUSTON (Reuters) – Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum (OXY.N) to win control of four board seats, a regulatory filing showed, after talks with the oil company’s CEO failed to reach an agreement. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil […]

Asia stocks firm as Fed props up rate cut expectations

TOKYO (Reuters) – Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock […]

Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone

TOKYO (Reuters) – Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian […]

The Race For The Moon Continues

On July 21, 1969, astronauts Neil Armstrong and Buzz Aldrin were the first men to set foot on the moon. Ten more Apollo astronauts followed in their footsteps until 1972 but since then, no human has set foot on Earth’s closest companion in space. Fifty years later, the race for the moon is starting anew with several […]

Is Huawei a Security Threat? Vietnam Isn’t Taking Any Chances

HANOI, Vietnam — The battle for technological dominance between the United States and China is splitting the world in two, though not always along the lines you might expect. American allies such as Britain and Germany have signaled that they are unlikely to back Washington’s effort to stop countries from working with the Chinese technology […]

Demonocracy: The Great Human Scourge!

Via, Introduction One cannot speak too highly of Christophe Buffin de Chosal’s The End of Democracy.  In a fast paced, readable, yet scholarly fashion, Professor Buffin de Chosal* demolishes the ideological justification in which modern democracy rests while he describes the disastrous effects that democratic rule has had on Western societies.  He explodes the myth […]

China makes biggest U.S. sorghum purchase since April as trade talks resume

CHICAGO (Reuters) – China made its biggest purchase of U.S. sorghum since April last week, according to U.S. Department of Agriculture data issued on Thursday, as Washington and Beijing revive discussions to end their trade war. FILE PHOTO: Bottles of the Chinese spirit baijiu are on display at a bar in Beijing, China June 22, […]

Black Homeownership Plunges To All-Time-Low Despite Record-Low Unemployment

One of President Trump’s favorite talking points is promoting how his economic policies have lifted all Americans. He routinely cites the record low rate of black unemployment and how the economy is the “greatest ever.” — President Trump tweeted Jan. 2018 “African American unemployment has reached its lowest rate ever recorded — ever! Ever! Remember […]

Absolute Power Molests Absolutely

Authored by Tim Kirby via The Strategic Culture Foundation, The Jeffrey Epstein child molestation case made big headlines because of just how close he is to many in power or at least with great pull in Washington and the fact that he had already been busted and possibly used said pull to stay out of jail certainly […]

Trump to Nominate Eugene Scalia for Labor Secretary Job

President Trump said Thursday that he would name Eugene Scalia as his next secretary of labor, tapping the longtime labor lawyer and son of the former Supreme Court justice Antonin Scalia for a position with vast responsibility over the American work force. The appointment is likely to be contested by Democrats and labor unions because […]

“Please Don’t Flush Your Drugs M’kay.” Tennessee Police Warn Of “Meth-Gators”

A Tennessee police department has published a warning on social media to its residents: “Folks…please don’t flush your drugs m’kay,” such as methamphetamine — because this could trigger aggressive “meth-gators.” The warning was published on Facebook, with a post-dated July 13, by the Loretto Police Department who described how officers executed a search warrant on […]

Improve Your Trading Skills Continuously

Photo by Mark Finn on Unsplash Most traders don’t understand that the Forex market changes every day. Therefore, they must continuously work to improve their trading skills. In this article we share some hacks that will have you surfing the waves of the markets’ volatility. However, while these tips will help you improve your trading skills, don’t expect […]

US Navy Shoots Down Iranian Drone Over Strait Of Hormuz; Iran Denies

Update: In response to President Trump’s announcement earlier in the day that a U.S. Navy ship had “destroyed” an Iranian drone in the Strait of Hormuz on Thursday, Iran’s Foreign Minister Mohammad Javad Zarif said he was not aware of any downing, according to Reuters: “We have no information about losing a drone today,” Zarif […]

Defense Contractors Are Tightening Their Grip On Our Government

Authored by William Hartung via, When, in his farewell address in 1961, President Dwight D. Eisenhower warned of the dangers of the “unwarranted influence” wielded by the “military-industrial complex,” he could never have dreamed of an arms-making corporation of the size and political clout of Lockheed Martin. In a good year, it now receives […]

Billionaire Row's Condos See Price Hikes Despite Ultra-Luxury Sales Declining

Despite an overall glut in luxury apartments in Manhattan, apartments on Billionaire’s Row are rising in price regardless, according to Bloomberg. Developer Michael Stern, who co-developed 111 W. 57th St. is hiking prices on eight units in the middle of the tower from $1 million to $1.75 million on apartments that are priced between $27 million […]

Struggling Barneys Considers Its Options, Including Bankruptcy

When Barneys NY opened the elegant revolving doors of its 10-story French limestone flagship store at 660 Madison Avenue in 1993, it established a retail landmark that soon came to be synonymous with a certain kind of New York style. Shoppers thronged as much to imbibe the atmosphere of insider luxury as to buy the […]

Boeing 737 Max Troubles Add Up: $8 Billion and Counting

The financial fallout from the troubled 737 Max jetliner continues to swell for Boeing, which on Thursday announced $7.3 billion in costs that will hit its bottom line. The price tag could still climb. The Max has been grounded for months after two deadly crashes, and it may not fly again this year. Airlines that […]

Microsoft Earnings: Sales Jump 12 Percent, Fueled by Cloud

SEATTLE — If you followed Congress’s scrutiny of the technology industry this week, you would think that Amazon, Google and Facebook are the biggest tech companies around. But Microsoft is the sector’s quiet giant. It is not only the largest tech company, but it is the largest publicly traded company of any kind, with a […]

Cascade and Tide join Loop packaging re-use scheme

Two of America’s best-known detergent brands will now be available to US customers in reusable packaging US detergent brands Cascade and Tide have joined circular shopping system Loop, with customers in America now able to buy the products in reusable packaging. The scheme, run by recycling specialists TerraCycle, enables customers to buy everyday products in […]

Three steps to create a circular economy

Successful circular cities have these three things in common, reports Circle Economy’s Joke Dufourmont More than 700 jurisdictions and local governments around the world, encompassing 135 million citizens, have now declared a climate emergency. It’s a huge statement of intent but the next step must be for…

Green business figures to lead UK sustainable supply chain taskforce

The task force will consider how to lessen environmental impact of products such as palm oil Independent Global Resource Initiative group to address deforestation and negative impacts driven by demand for palm oil, soya, beef, and other key commodities Leading business and green group figures met for the first time yesterday as part of an […]

Jaguar Land Rover eyes recycled plastic process for car manufacturing

The recycled plastic is currently being trialled on the front end of a Jaguar I-Pace EV | Credit: Jaguar Land Rover Carmaker is teaming up with chemicals specialist BASF to pilot process it hopes can in future enable use of recycled plastic in its car manufacturing Jaguar Land Rover (JLR) is trialling an innovative recycling […]

Inger Andersen officially sworn in as UN Environment Programme chief

Inger Andersen has been officially sworn in as the UN Environment Programme’s new executive director, with the Danish economist and environmentalist filling the shoes left by Erik Solheim after his resignation last year. Andersen, who has held a number of high level roles in sustainability at the UN and World Bank over her 30-year career, […]

Mortimer Caplin, Tactful but Tough Tax Collector, Dies at 103

Mortimer Caplin, who as Internal Revenue commissioner in the early 1960s was credited with making taxpaying more tolerable for the majority of Americans who do so voluntarily and tougher for the rest to avoid or evade, died on Monday at his home in Chevy Chase, Md. He was 103. His death was confirmed by his […]

Deficit Man and the 2020 Election

I’ve seen a number of people suggest that the 2020 election will be a sort of test: Can a sufficiently terrible president lose an election despite a good economy? And that is, in fact, the test we’d be running if the election were tomorrow. On one side, Donald Trump wastes no opportunity to remind us […]

New York Awards Offshore Wind Contracts in Bid to Reduce Emissions

New York State, which last month passed an ambitious law to reduce the emissions that cause climate change, said Thursday that it had reached an agreement for two large offshore wind projects. The wind projects, to be built off the coast of Long Island, represent a big step forward for a technology that has been […]

Health spending and life expectancy

Source: The Economist Here is the take from across the Atlantic: “Republican reluctance to embrace health care, despite the president’s best efforts, is understandable. On the one hand, America’s health-care system is woefully dysfunctional: the country spends about twice as much on health care as other rich countries but has the highest infant-mortality rate and […]

Neutrogena Recalls Light Therapy Masks, Citing Risk of Eye Injury

ImageThe IlluMask, a light therapy mask pictured above, began to catch on as early as 2014. Neutrogena released its own product in October 2016.CreditTony Cenicola/The New York Times Over the last several years, light-emitting therapy masks intended to treat acne have streamed into the marketplace and onto Instagram, filling feeds with pictures of people that […]

How to Enter a New Foreign Market

Photo by Jimmy Chan from Pexels Nothing says growth like setting up your business overseas. Operating in a new foreign market is a huge yet exciting task for an entrepreneur. However, if you’re considering such a move, be sure to thoroughly research your new market and all your options beforehand. Depending on your business, there will be many […]

How do advisers estimate a client's longevity?

Estimating how long a client will live is an inherently challenging, yet critical task for financial advisers. Lifespan is at the heart of every financial plan, and a misstep could mean the difference between clients’ financial security and running well short of money in retirement. The task is fraught with difficulty, from knowing what questions […]

Sorry, You Won’t Be Hovering Over Paris Anytime Soon

Over the weekend, a video of a man gliding over Paris on a tiny platform offered the internet a bit of unifying delight. As President Emmanuel Macron of France applauded alongside other attendees at the Bastille Day parade, the man gracefully soared and dipped, clutching a rifle. Thousands on social media asked: Who was he? […]

Fidelity, Dynasty back new tech-powered ESG asset manager

Ethic, an asset manager that uses technology to build custom sustainable investing portfolios for advisers, now has the backing of Fidelity Investments and Dynasty Financial Partners. Fidelity was part of $13 million round of funding, led by venture capital firm Nyca Partners, which four-year-old Ethic closed Thursday. The funding comes a week after Dynasty said […]

Lightyear's Wealth Enhancement Group acquires $1 billion RIA

Lightyear Capital’s Wealth Enhancement Group, a Minneapolis, Minn.-based hybrid firm that has been an active acquirer of RIA firms, will acquire AEPG Wealth Strategies, a registered investment adviser managing $1 million in Warren, N.J. AEPG has 27 employees and serves more than 600 advisory and retirement plan clients, as well as having specialized expertise in […]

What Entrepreneurs Should Know About The Finnish Art of Courage

Provided by Bryan Collins Do you have trouble handling adversity in business? If so, consider applying sisu . This 500-year-old concept was relatively unknown outside Finland until Joanna Nylund published Sisu: The Finnish Art of Courage in 2018. According to Nylund, sisu describes “a kind of courage, as resilience, as a kind of tenacity, a sort […]

How Jeffrey Epstein’s Defense Could Argue for Dismissal of His Case

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Can Jeffrey Epstein’s lawyers keep his case out of court? On Thursday, Judge Richard M. Berman of Federal District Court in Manhattan denied bail for Mr. Epstein. Now the defense’s focus will shift to keeping […]

The Snapchat-Style App That Can Help Your Child Overcome A Speech Impediment

The Blub Blub app Blub Blub As a child, Jernej Fuzir struggled with a speech impediment. A whopping 95% of a child’s cognitive development takes place by the time they’re five years old, and verbal and nonverbal communication is such a critical piece of this development. But in the US alone, 1 in 12 of children aged 3 to […]

Finra arbitrators order Morgan Stanley to pay $3.3 million for concealing evidence

Finra arbitrators ordered Morgan Stanley to pay $3.3 million to investors in a Puerto Rico bond case, most of it because the firm allegedly concealed evidence in a hearing. The three-person all-public Financial Industry Regulatory Authority Inc. panel seemed to get fed up with Morgan Stanley’s foot-dragging in complying with a discovery request “related to […]