French presidential candidate François Fillon won a temporary reprieve in charges that he paid his wife and children €880,000 for work they did not do. The charges are dubbed Penelopegate” after his wife Penelope.
An investigation has started, but so far he has not been charged. The investigation is unlikely to conclude before the election. Should Fillon win, he will have presidential immunity.
China now encourages childbearing to keep the economy humming and to stave off a demographic decline. Will a new baby boom do the trick?
Uber faces attacks on multiple fronts.
For starters, Susan Fowler, a reliability engineer, unleashed a firestorm with a 3,000-word document describing multiple instances of sexual harassment over the course of a full year, starting with a first-day proposition from her manager.
Next, Uber’s credibility is at stake after one of its self-driving vehicles ran a red light. Uber claimed a human was at the wheel, but it turns out Uber lied.
Finally, Uber also has to deal with a Google lawsuit regarding stolen technology.
Potential Eurozone disruption possibilities keep compounding. The Netherlands Parliament will now debate leaving the Eurozone.
For example, the Netherlands Parliament will now debate leaving the Eurozone.
In long-winded wording for a potential “Nexit”, Reuters reports Dutch relations with euro up for debate after lawmakers commission probe
Eurozone Target2 imbalances have touched or exceeded the crisis levels hit in 2012 when Greece was on the verge of leaving the Eurozone. Others have noted the growing imbalances as well.
I had a couple of questions for the ECB regarding Target2, which they have answered, I believe disingenuously.
First, we will explain Target2, then we will take a look at various charts, viewpoints, and the email exchange with the ECB.
Germany, Italy, France Insist UK Accept €60 Billion Bill Before Brexit Negotiations Start: Election Wildcards
The EU’s chief negotiator, Michel Barnier, took a position earlier this week that the UK accept a €60 billion breakup bill before Brexit negotiations begin.
Today, the Financial Times reported Germany and Italy back European Commission on Brexit.
New homes sales hit the skids in December, down 10.4 percent. December numbers were revised slightly lower today.
The ever optimistic economists in the Econoday survey expected a huge rebound in new home sales in January from 535,000 units to 576,000 units SAAR (seasonally adjusted annualized rate).
Instead of the expected 41,000 increase in units, sales rose by 20,000 units.
Instant Tax Collection: As Bitcoin Surges to Record High, China Prepares its Own Digital Currency; Exploring the Digital Downside
Bitcoin hit an all-time high of $1,172.09.
Traders are happy because the SEC is expected to rule on a Bitcoin ETF by March 11.
Striking back at the nannycrats who want “more Europe” including a “superstate”, French presidential candidate Marine le Pen instead seeks a “Europe of Nations”.
Thanks to negative interest rates at the ECB, record low unemployment, and a desire to maintain a balanced budget, Germany’s Budget Surplus Hit a Record High since reunification in 1991.
Chancellor Angela Merkel is singing a happy tune, but the austerity message will not play well with most of the Eurozone.
Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other.
As a direct result of Sweden’s tax laws in conjunction with negative interest rates by the central bank, Sweden’s citizens now purposely overpay their tax bills in record amounts as a savings vehicle.
Here’s the peculiar result: The Swedish Government Complains it Collects Too Much Tax.
14,000 Evacuate San Jose; Massive Flooding in Numerous Northern CA Areas: Don’t Blame Global Warming!
Fed Minutes of the FOMC Meeting suggest rate hikes are coming “fairly soon”.
Let’s check out the market reaction and how mainstream media played up the minutes.
Citing a Harris-Harvard poll, The Hill reports Americans Overwhelmingly Oppose Sanctuary Cities.
Here is the infographic but I cannot find the poll questions or the poll methodology.
Growth in global trade has slowed for five consecutive years.
Trade growth for 2016 was under 2%. That’s something that has happened only three times since 2000. On both prior occasions, the US was in recession.
Australian parliament member Andrew Broad wants banks to accept zero percent down loans.
New.Au calls the proposal a “creative idea”.