What Could Possibly Go Wrong

Trump administration is looking at 50- and 100-year bonds

"The Treasury disclosed that it is studying the possibility of ultra-long bonds, with maturities greater than 30 years, currently the bond with the longest maturity. It also said it is preparing for the time when the Fed begins to reduce its giant $4.5 trillion balance sheet — by buying fewer Treasurys and mortgage securities, and perhaps ultimately even unloading the ones it holds." Continue reading →

Continue ReadingTrump administration is looking at 50- and 100-year bonds

As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

"In January [Foss] stepped down as chairman of Credit Acceptance Corp., the company he started in 1972 that pioneered extending auto loans to customers with rock-bottom credit scores or none at all. A month after he left, he sold a big chunk of his Credit Acceptance shares for $128 million. The company didn’t say why Foss sold his shares and declined to comment. Foss didn’t respond to requests for comment." Continue reading →

Continue ReadingAs Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

Facebook and Google confirmed as victims of $100M phishing scam

"Last month, the Department of Justice charged a Lithuanian man for fraud, aggravated identity theft, and money laundering after documents revealed he scammed two major tech companies for over $100 million by masquerading as a Taiwanese electronics manufacturer. A Fortune report this week identified those two affected companies as Facebook and Google." Continue reading →

Continue ReadingFacebook and Google confirmed as victims of $100M phishing scam

The 45 times Trump said attacking Syria was a bad idea and might start WWIII

"In October, Trump blasted then-Democratic presidential nominee Hillary Clinton's position on Syria — that the U.S. military should take out al-Assad's airfields, the exact type of strike Trump ordered Thursday — by saying attacking a Russian-backed government could start World War III." Continue reading →

Continue ReadingThe 45 times Trump said attacking Syria was a bad idea and might start WWIII

30 Years After Saddam Hussein, Now U.S. Bombs Kurds To Smithereens

The Pentagon has admitted to an airstrike that is believed to have killed more than 200 civilians in the northern Iraqi city of Mosul, at the edge of the autonomous Kurdistan region. In the 1980s, Kurdistan was targeted by Saddam … Continue reading →

Continue Reading30 Years After Saddam Hussein, Now U.S. Bombs Kurds To Smithereens

Suspension of U.S.-EU Visa-Free Travel Would Have Negative Consequences

"The Global Business Travel Association (GBTA) warned that suspending visa-free travel would have a 'large negative impact,' including an additional 10 million annual visa applications to process. Additionally, the GBTA warned that if the United States retaliates with its own suspension of visa-free travel, it could mean approximately €2.5 billion in costs to EU citizens as roughly 8 million travelers would need to pay the $160 visa fee and other application costs. The GBTA also cited an Oxford Economics study that projected a 23 percent decline in travel revenue for the U.S. and Canada as a result of a suspension, as well as a projected 140,000 jobs lost in Europe and 73,000 jobs lost in the United States." Continue reading →

Continue ReadingSuspension of U.S.-EU Visa-Free Travel Would Have Negative Consequences