How the Aerospace and Airlines Sector See the Speed of Recovery

How the Aerospace and Airlines Sector See the Speed of Recovery

The timeline for a passenger traffic recovery remains uncertain. The IATA does not expect passenger traffic to return to pre-COVID-19 levels until 2024. Leeham Co. predicts that it will take four to eight years before traffic returns to pre-COVID-19 levels. Long-haul markets, where...
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MSM Journalists Hate Assange Because He’s Broken More Blockbuster Stories Than All MSM Combined

MSM Journalists Hate Assange Because He’s Broken More Blockbuster Stories Than All MSM Combined

In UK, a trial is underway with journalist Julian Assange, who published US war crimes via platform WikiLeaks. “Nonsense!” — Julian Assange shouted as during the second day of his resumed extradition hearing US federal government attorney James...
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Samsung Wins $6.6 Billion 5G Verizon Deal

Samsung Wins $6.6 Billion 5G Verizon Deal

Samsung Electronics said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the South Korean firm in the next-generation 5G network market. Samsung’s global prospects...
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Unexpected Electrical Current Discovered That Could Stabilize Fusion Reactions

Unexpected Electrical Current Discovered That Could Stabilize Fusion Reactions

A scientific journal SciTechDaily published findings of Princeton Plasma Physics Laboratory about electrical currents that can form in ways not known before. Electric current is everywhere, from powering homes to controlling the plasma that fuels fusion re...
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China Moves Away From US Dollar

China Moves Away From US Dollar

China is likely to reduce its holdings of US Treasury bonds to just under $800 billion from the current level of more than $1 trillion, according to local news outlet Global Times. A major reason for the reduced exposure is the record...
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84% of CFOs Say Stocks Are Overvalued

84% of CFOs Say Stocks Are Overvalued

84 percent of CFOs say stocks are overvalued even as they unleash another flood of stock buybacks. It’s not just Wall Street fund managers who, as the latest BofA fund manager survey  revealed, view stocks (along with bonds and gold) to be the most....
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Billionaires Got $637 Billion Richer Since Pandemic

Billionaires Got $637 Billion Richer Since Pandemic

40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars. From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the...
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Germany is beginning a universal-basic-income trial

Germany is beginning a universal-basic-income trial

Germany is beginning a universal-basic-income trial with people getting €1,200 a month for 3 years. Starting this week, 120 Germans will receive a form of universal basic income every month for three years. The volunteers will get monthly payments of...
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QE Is Causing A Security Shortage

QE Is Causing A Security Shortage

Between September of 2019 and today, the Fed increased the size of the SOMA portfolio from $3.56 trillion to $6.2 trillion, an increase of $2.64 trillion. And although the Fed effectively absorbed roughly the same amount of net new Treasurys issued by...
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Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s fintech giant Ant Group is reportedly looking to file for dual listing in Hong Kong and Shanghai within the next few weeks, seeking a valuation of US$225 billion. The company is planning to launch its concurrent initial public offering on...
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Banks Are Evading U.S. Derivatives Rules by Making Trades at Foreign Subsidiaries

Banks Are Evading U.S. Derivatives Rules by Making Trades at Foreign Subsidiaries

On May 30, with little mainstream media attention, four European academics published a report on how some of the largest Wall Street banks (all of whom received massive amounts of secret Federal Reserve bailout money during the 2007 to 2010...
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Central Bank Balance Sheets Jump To $28 Trillion Next Year

Central Bank Balance Sheets Jump To $28 Trillion Next Year

As Bank of America shows, central bank balance sheet have never been bigger with the Fed now holding 34% of US GDP, and expected to see this number rise to 38%. For the other central banks the number is 25%...
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Space industry is moving to ‘leadership by seasoned execs’

Space industry is moving to ‘leadership by seasoned execs’

The space industry is moving “from a small community of space enthusiasts to leadership by seasoned execs,” says Chad Anderson, managing partner at Space Capital. “We’re going into a phase where we’re moving from startup really to growth,” Anderso...
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How To Sleep During A Heatwave

How To Sleep During A Heatwave

In light of the arrival of higher temperatures this week, many of us will be contemplating one of the biggest struggles that come with balmy climes: how to get a good night’s sleep. According to Dr Nerina Ramlakhan, a sleep expert...
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Virgin Atlantic files for bankruptcy protection

Virgin Atlantic files for bankruptcy protection

Virgin Atlantic, the European carrier founded by British entrepreneur Richard Branson, on Tuesday filed for debt relief in the U.S. as the toll of the coronavirus on the airline industry continued to mount. The company said it is not technically bankrupt and...
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