Are Universities Discriminating Against Men?

The Department of Education is investigating universities for alleged discrimination against men after a student complained about several different programs. The idea is that if woman are the majority of degree earners and college attendees than programs that benefit women are helping the majority and…

Iran Lists 7 Conditions To Remain In Nuclear Deal

Two days after US Secretary of State laid out 12 draconian conditions for the US enter into a new nuclear deal with Iran, among which that Tehran must stop enrichment of uranium and never pre-process plutonium, allow nuclear inspectors “unqualified access to all sites throughout…

Valedictorian Claims High School Censored Graduation Speech

SCIOTA, IL (CBS Local) – An Illinois high school valedictorian has hired a lawyer after claiming that school officials demanded he remove all religious references from his graduation speech. Sam Blackledge was set to deliver the speech at West Prairie … VISIT THE SOURCE ARTICLE Valedictorian Claims…

Wells Fargo Dismisses Bankers In Struggling Muni-Bond Division

Four months after Vanguard shuttered three muni bond ETFs due to their “high level of volatility” which began in 2010 and continues today, Wells Fargo’s head of public finance announced Wednesday that the bank would be “shaking up the department” by dismissing several senior bankers…

New Home Sales Slide In April As Average Price Spikes To Record High

After a two-month rebound from January’s plunge, new home sales disappointed in April, dropping 1.5% MoM to a SAAR of 662k (below the 680k expectation). Is the rebound over?   While new home sales declined 1.5% MoM, they rose 11.6% YoY thanks to the insanely…

“There Is A Sense Of Panic In The Air”: Italitan Bond Carnage Returns

The blow out in Italian yields has returned after taking a brief one day hiatus, with the 10Y BTP yield hitting a fresh 2018 high of 2.46%, the highest going back to 2014… … as the carnage in the short end resumes, send the 2Y…

Trader: Markets Have Entered A “Terribly Negative Dynamic”

After issuing a dire warning first aimed at Italy, which he said is “on the verge of inducing a fresh European crisis“, followed with an ominous prediction that “Turkey’s goose is cooked“, overnight Bloomberg macro commentator and ex-Lehman trader Mark Cudmore looks at the bigger…

100s Of White South African Farmers Apply To Australia For Humanitarian Rescue

Back in February, after literally years of scandal, abuse, and incompetence, South Africa’s president Jacob Zuma was finally forced to resign last week, and new President, Cyril Ramaphosa, was supposed to represent a positive, new chapter for South Africa. However, as Simon Black wrote at…

Turkish Lira Flash Crashes

It’s morbidly appropriate that just hours after we presented Mark Cudmore‘s poetic recap why “Turkey’s Goose Is Almost Cooked”, and shortly after Goldman warned about the risk of imminent flash crashes across all asset classes, that the Turkish lira, the worst hit EM currency after…

RBOB Extends Losses After Surprise Gasoline Inventory Build

After the worst day for energy stocks in two weeks as crude turned negative amid reports that OPEC is said to be considering raising oil output, WTI rallied and RBOB kneejerked lower after API reported a smaller than expected crude draw and surprise gasoline build….