For context, that's many times the roughly $17 billion that flows through Estonian banks during an average year, meaning that the money laundering perpetuated by Danske effectively transformed the Estonian banking system into a giant front for organized crime groups. Thomas Borgen What's worse, as the scandal has unfurled, the Read more…
While astute and savvy traders have known about the market moving power of social media for years now – many independent research shops, bloggers and company executives use Twitter frequently – it seems that only now is the Securities and Exchange Commission getting hip to social media's close relationship with Read more…
EVERY NEW GENERATION IS DISPARAGED BY THE LAST Baby Boomers (b. ~1965-1980)* July 1990, Time article: “Twentysomething” “[T]heir attention span is as short as one zap of a TV dial” “[T]he latest crop of adults wants to postpone growing up” “-considered overly sensitive at best and lazy at worst” And Read more…
A deadly fire underneath a wealthy hacker's Maryland home has exposed a bizarre underground nuclear bunker project that claimed the life of a young man he hired over the internet to dig tunnels, Askia Khafra, reports the Associated Press. Maryland prosecutors portray Beckwitt, a 27-year-old millionaire, as a paranoid computer hacker who Read more…
Will the war in Syria never end. This even though one of the Pentagon's main justifications for being on Syrian soil in the first place – the destruction of ISIS – has already essentially happened as the terror group now holds no significant territory and has been driven completely underground. But most Read more…
The tech stock rout, which accelerated during yesterday's Congressional hearing on social network bias, accelerated on Thursday, this time led by a selloff in chipmakers dragging the Nasdaq Composite to a two-week low. Casino shares were also under pressure with Las Vegas Sands down 2.8 percent. Meanwhile, Treasuries edged higher Read more…