28 May, 2016 by The TZ Newswire Staff Comments Off on Iceland Has Offered Foreign Bondholders A "Choice": Sell Now, Or Have Cash Impounded Indefinitely
Iceland Has Offered Foreign Bondholders A "Choice": Sell Now, Or Have Cash Impounded Indefinitely
Iceland has had a difficult past few months politically, as its Prime Minister Sigmundur David Gunlaugsson became the first casualty of the Panama Papers.
Economically however, the story is more upbeat, as the country has rebounded since the financial crisis. The Icelandic Krona has stabilized against the Euro, the rate of change in inflation has slowed, and the country has recorded year-over-year growth in GDP each year since 2011.
28 May, 2016 by The TZ Newswire Staff Comments Off on US Default Risk Hits 8-Month Highs
US Default Risk Hits 8-Month Highs
While still relatively low, USA sovereign CDS spreads have risen to 8-month highs, surging off early March lows. The reasons are likely numerous though we suggest the 4 surges in the last 3 months appear to line up with notable ‘events’…
While correlation does not imply causation, it does waggle its eyebrows suggestively and gesture furtively while mouthing “look over here.”
28 May, 2016 by The TZ Newswire Staff Comments Off on Sweden: Is Islam Compatible With Democracy?
Sweden: Is Islam Compatible With Democracy?
Submitted by Ingrid Carlqvist via The Gatestone Institute,
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It is not a secret that democracy can be used to abolish democracy.
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It may have finally begun to dawn on the people that Swedish Sweden will soon be lost forever, and in many areas replaced by a Middle Eastern state of affairs, where different immigrant groups (mainly Muslims) make war on each other as well as on the Swedes.
28 May, 2016 by The TZ Newswire Staff Comments Off on Bitcoin Is Soaring On Unprecedented Burst In Chinese Buying
Bitcoin Is Soaring On Unprecedented Burst In Chinese Buying
Last September (when bitcoin was trading at $230) we said that “As China Scrambles To Enforce Capital Controls, This Is Great News For Bitcoin” and that it is only a matter of time before Chinese buyers figure out that in a world in which the freeflow of capital out of China is increasingly more suppressed and where
28 May, 2016 by The TZ Newswire Staff Comments Off on Abe will delay consumption tax increase until Oct 2019 – Nikkei
Abe will delay consumption tax increase until Oct 2019 – Nikkei
We knew a delay was coming but didn’t know the end date
Many reports have virtually confirmed that Japanese Prime Minister Abe will announce a delay in the planned 2 percentage point rise in the consumption tax to 10%. We didn’t know how long the delay would last.
28 May, 2016 by The TZ Newswire Staff Comments Off on Should Viacom, Inc. Sell A Stake In Paramount Pictures?
Should Viacom, Inc. Sell A Stake In Paramount Pictures?
Viacom (NASDAQ: VIA) (NASDAQ: VIAB) has recently been engaged in a dramatic succession battle with Sumner Redstone, whose family owns an 80% stake in the media giant through his holding company National Amusements. Redstone, who resigned as the executive chairman of Viacom and CBS (NYSE: CBS) in February, recently moved to oust Viacom CEO Philippe Dauman and his ally George Abrams from a seven-member trust which would acquire his voting stake after this death.
28 May, 2016 by The TZ Newswire Staff Comments Off on Looming Trump Presidency Drives Renewed Surge Of Immigrants Across The Southern Border
Looming Trump Presidency Drives Renewed Surge Of Immigrants Across The Southern Border
Donald Trump’s intention to build a wall along the southern border of the United States is well known, and the presumptive Republican presidential nominee has even released his plan on how the US would be able to make Mexico pay for it.