The CEO’s role is to use the fund’s leverage as a major investor in three of Greece’s four major listed banks to help push through banking reforms designed by the European Union, the European Central Bank and IMF and to eventually divest its stakes, returning banks to private hands.
When Speculators Prosper Through Ignorance (Aaron M.)
The relationship between the economy and the stock market is a study in contradiction. It’s precisely when economic optimism is strongest, when caution is seen as misguided, and when bullish enthusiasm is most exuberant, that the stock market reaches its speculative apex and becomes most vulnerable to collapse. It’s precisely when economic pessimism is most dismal, when hope is set aside, and when bearish consensus is most dire, that market plumbs its deepest lows and carries the greatest potential for future returns.
The result is a dangerous disconnection between what we’re being told is going on and the beliefs of a substantial portion of the citizenry. Not a substantial portion like a couple million. A substantial portion like 100 million. This week’s Rasmussen Poll, for example, found that 45% of voting Americans believe America is on the “right track.” This is down two points from the record high, which was recorded two weeks ago, and is higher than any week during the Obama presidency. (The MSM would never report this because it doesn’t jibe with their narrative that the sky is falling. It’s doing us all a great disservice by failing to do so.)
Under the Obama administration, the Education Department discouraged students from attending for-profit colleges, arguing recently that the data showed “community colleges offer a better deal than comparable programs at for-profit colleges with higher price tags.”
The for-profit sector has about 8 percent of those enrolled in higher education, according to the Education Department, but it has 15 percent of subsidized student loans.
Officials of the United States and its allies, including President Trump, have suggested that China, North Korea’s principal economic patron, should be more aggressive in enforcing sanctions. But while it does not approve of the North’s weapons program, China has also been seen as reluctant to inflict crippling pain on North Korea, for fear that it might destabilize its Communist neighbor.
In places like Andrews, Tex., within the Permian geologic formation — already in the middle of oil country — thousands of new wells were drilled in the last 10 years. The population in Andrews County has increased by more than 30 percent since 2005. Similar booms have occurred in other areas as well.
Last week, more than 180,000 residents were ordered to evacuate from below the Oroville Dam when a damaged emergency spillway and a swollen reservoir raised concerns about a collapse. Crews rushed to fix the damaged embankment at the dam, 70 miles north of Sacramento, and to prepare it for more rain.
Since 1992, raspberry exports from Mexico to the U.S. have gone from zero to $500 million each year. The increase in strawberry exports is similar. Total Mexican shipments of fruits and vegetables to the U.S. have increased by nine times over the last 25 years, to $12 billion a year. People in the industry say most of that increase is a result of U.S. companies setting up production in Mexico.
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