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Thursday, June 30, 2022

Which Part Of “You Get Nothing” Isn’t Clear?

By Bloomberg's Rick Green and Madeleine Ngo The warning to shareholders of newly bankrupt Ascena Retail Group Inc. could hardly have been more direct. There it is, in black-and-white, on page 5 of the court declaration filed by Ascena’s most senior official just hours into the case: "Existing common equity in Ascena will be canceled." Full stop. Creditors will…

Which States Are Removing The Most Confederate Monuments?

The killing of George Floyd has sparked a resurgence in the removal of Confederate monuments to prominent slave-owning Democrats throughout US history. Greg Rones/Shutterstock. Graphic: Nathaniel Blum In recent weeks, Virginia, Florida and Texas top the states which have removed the most Confederate symbols, according to an analysis by BeenVerified. For every monument which has…

Boeing, Which Repurchased Over $100BN In Stock, Is Downgraded To BBB, Seeks “Short-Term” Bailout

Just hours after S&P took the machete to Exxon's long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock price has crashed from $350 to $130 in a little over a month after it announced it was fully drawing…

Which Way Is Domestic Manufacturing Really Leaning?

Authored by Jeffrey Snider via Alhambra Investment Partners, The way the global economy shifted from globally synchronized growth to globally synchronized downturn was specific: dollar then trade then manufacturing and industry which then spread into other areas. If the economy is to avoid moving further down that same track, then something in that chain of…

Which Secular Bull Market Is It – 1950s Or 1920s?

Authored by Lance Roberts via RealInvestmentAdvice.com, The following comment was recently making its way around the “twittersphere” suggesting a “new secular bull market” has started. 10. Some longer term perspective on the S&P500 vs the US 10yr Bond Yield. h/t @jfahmy $SPX $TNX pic.twitter.com/Q7ezYTFWyS — Callum Thomas (@Callum_Thomas) November 9, 2019 This isn’t the first time such a call has…

Hedge Fund Which Bet Big On “Next Big Short” Forced To Liquidate As Trade...

Back in March 2017, a bearish trade emerged which quickly gained popularity on Wall Street, and promptly received the moniker "The Next Big Short." As we reported at the time, similar to the run-up to the housing debacle, a small but growing group of firms were positioning to profit from a "retail apocalypse" that could…

Which Universities Have The Richest Graduates?

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Mapping Which States Allow Military-Style Weapons

In Texas and Ohio where two mass shootings occurred last weekend, military-style assault rifles and large capacity magazines are legal. In fact, as Statista's Niall McCarthy notes, in both shootings, the weapons used were acquired legally. The vast majority of U.S. states do not restrict the sale of military-style weapons and only six states and the District…

Which Countries Are The EU’s Biggest ‘Takers’ (And ‘Givers’)

The question of which countries are paying more in EU contributions than they are getting out is a contentious issue for some and was also one major factor in the Brexit vote in the UK. In the 2017 budget, there were ten EU members contributing more than they got out of the EU, at least in terms…
‘noose’-which-sent umich-dean-on-racism-tirade-turns-out-to-be-fishing-knot-practice

‘Noose’ Which Sent UMich Dean On Racism Tirade Turns Out To Be Fishing Knot Practice

A 'noose' found last month at the University of Michigan Medical School turns out to have been a practice knot used in fishing after an employee came forward to 'clear the air,' according to MLive.  An investigation by UM’s Division of Public Safety and Security concluded the spool rope used for medical procedures was being used by…

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