Category: Zero Hedge

The (now former) employees of defunct Archegos Capital Management – the over-leveraged family office that blew up back in March, saddling Credit Suisse and a handful of other brokers with billions of dollars in losses – have just learned a very important lesson: don’t put all your eggs in one basket.

Employees saw their golden parachutes evaporate alongside the rest of Bill Hwang’s $20 billion fortune when a deferred pay plan set up by the firm crashed as the firm was hit with a massive

Authored by Sarah Avery via The Epoch Times,

Researchers have found robust antibody responses up to four months after infection in children and adolescents who had mild to asymptomatic cases of COVID-19.

The study found that the children and adolescents who previously had COVID-19 developed antibody responses capable of neutralizing the SARS-CoV-2 virus. Further, these responses were comparable or superior to those observed in adults.

“The study shows that children who’ve had mild infections or even those who did not have any symptoms, develop an immune response that will likely

Soaring home prices across dozens of countries covered by the OECD are booming in one of the broadest rallies in two decades amid record central bank stimuli resulting in low-interest rates inflating global real estate markets, according to an analysis by the Financial Times. 

Central banks continue their crisis support of buying mortgage bonds to suppress rates to inflate real estate further. In the first quarter of this year, only three countries out of the 40 countries covered by OECD data experienced real-term home price declines – the smallest portion since

Authored by Alexander Zhang via The Epoch Times,

British businesses requiring their employees to receive COVID-19 vaccines will face potential legal actions over discrimination, the co-chairman of the UK government’s flexible working taskforce has warned.

Peter Cheese, who also serves as chief executive of the Chartered Institute of Personnel and Development (CIPD), said he would “strongly caution companies against adopting a ‘jabs for jobs’ principle or policy.”

He said the policy is “fraught with lots of potential discrimination and legal issues” and is therefore on “shaky legal

Authored by Mike Shedlock via MishTalk.com,

Spanish consumers are fretting over record-high power prices just as high summer temperatures are keeping air conditioning and cooling systems operating at full capacity. Why are Spain’s prices so high?

Record High Prices 

The Independent reports Record-High Electricity Bills Draw Criticism to Spain’s Gov’t.

The government says that the latest hikes in electricity bills are driven by spiraling prices of so-called carbon certificates, which give companies the right to release carbon dioxide, gas imports that Spain needs to complete its energy

Authored by Egon von Greyerz via GoldSwitzerland.com,

The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation and fake fiat money.

Economic history tells us that we need to focus on two areas to understand where the  economy is going – INFLATION AND THE CURRENCY.

These two areas are now indicating that the world is in for a major shock. Very few investors expect inflation to

After a series of US-backed arms sales packages to Taiwan during Trump’s last year in office, severely ratcheting tensions to where they are now, President Biden’s administration on Wednesday approved its first arms sale to the island claimed by China. 

Bloomberg is describing the potential $750 million deal as including 40 new M109 self-propelled howitzers, essentially a highly maneuverable tank-like military vehicle with a giant gun, and some 1,700 kits designed to convert projectiles into more precise GPS-guided munitions.

The contract by BAE Systems

Update: Broward County schools on Aug. 3 again changed course on whether to comply with or defy an executive order by Republican Gov. Ron DeSantis which prohibited schools from imposing mask mandates on students.

In a written statement to The Epoch Times, the school board has not changed its policy but “paused it.”

“In light of the governor’s executive order, the district is awaiting further guidance before rendering a decision on the mask mandate for the upcoming school year. At this time, the district’s

Via SouthFront.org,

Russia is working hard and developing the latest air-launched X-95 long-range hypersonic missile, Colonel-General Vladimir Zarudnitsky, head of the military academy of the General Staff, said in an article for the Military Thought magazine.

Zarudnitsky said that he considered dominance in the aerospace sphere to be the most important condition for the successful conduct of hostilities, and it can be ensured through the effective use of strike and fighter aircraft.

“For these purposes, for the Aerospace Forces, new and modernized models of weapons, military and special equipment are being developed