Wirecard Scandal Means Digital Payments Rules Must Be Updated Now

Wirecard Scandal Means Digital Payments Rules Must Be Updated Now Tyler Durden Wed, 07/01/2020 – 05:00 Authored by Huw van Steenis via The Financial Times, The scandal at Wirecard has not only exposed a multibillion-dollar fraud in the accounts and profound failures of oversight. It has also raised fresh questions of whether payments regulation in Europe has kept pace with the huge changes in the industry. Once a sleepy arm of heavily regulated banks, the payments sector is being transformed by technological innovations, new legislation, new players and shifts in customer habits. Little wonder technology and payment-processing companies and banks are[…]

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Dealmakers Keep Distance As Pandemic Crushes Global M&A To Decade Lows 

Dealmakers Keep Distance As Pandemic Crushes Global M&A To Decade Lows  Tyler Durden Wed, 07/01/2020 – 04:15 Global mergers and acquisitions activity fell to its lowest levels in more than a decade in 1H20, as paralyzed dealmakers were unwilling to explore new opportunities as uncertainty plagued capital markets.  Data compiled by Bloomberg shows the value of M&A activity plunged 50% to $1 trillion in the first half from the year-earlier, marking the slowest period in dealmaking since 2012. The first half in global capital markets was chaos – lockdowns and virus pandemic crippled supply chains and crushed consumers that will likely result in a[…]

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“White Lives Don’t Matter” Academic: “I Resist Urges To Kneecap White Men”

“White Lives Don’t Matter” Academic: “I Resist Urges To Kneecap White Men” Tyler Durden Wed, 07/01/2020 – 03:30 Authored by Paul Joseph Watson via Summit News, More racist tweets by Cambridge University Professor Priyamvada Gopal have been unearthed, including one in which she spoke about her urge to “kneecap white men.” Gopal caused controversy last week when she tweeted “white lives don’t matter,” prompting a petition demanding she be fired. However, Cambridge University responded by promoting her to a full professorship, despite the fact that the tweet was censored by Twitter for hate speech. The media’s reaction was to portray[…]

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Should Governments Save Lives Or Jobs Amid Pandemic?

Should Governments Save Lives Or Jobs Amid Pandemic? Tyler Durden Wed, 07/01/2020 – 02:45 It looked like the U.S. had reached the peak of its coronavirus infections on April 24 when it experienced 36,738 new daily cases, a figure that fell to 17,618 by May 11. Back then, it looked like the U.S. had put the worst of the pandemic behind it and President Trump consistently pressed for the economy to be reopened. While testifying in front of the Senate in mid May, Dr. Anthony Fauci, the top U.S. infectious disease expert, cautioned against reopening too early, stating that the virus could[…]

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Varoufakis Exposes The EU’s COVID Class War

Varoufakis Exposes The EU’s COVID Class War Tyler Durden Wed, 07/01/2020 – 02:00 Authored by Yanis Varoufakis via Project Syndicate, The European Union’s proposed recovery fund to counter the pandemic’s economic fallout seems destined to leave the majority in every member state worse off. Finance will again be protected, if badly, while workers are left to foot the bill through new rounds of austerity. The euro crisis that erupted a decade ago has long been portrayed as a clash between Europe’s frugal North and profligate South. In fact, at its heart was a fierce class war that left Europe, including[…]

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The Purge: The Natural Progression Of “Woke” Censorship Is Tyranny

The Purge: The Natural Progression Of “Woke” Censorship Is Tyranny Tyler Durden Wed, 07/01/2020 – 00:05 Authored by Brandon Smith via Alt-Market.com, As I have noted in the past, in order to be a conservative one has to stick to certain principles. For example, you have to stand against big government and state intrusions into individual lives, you have to support our constitutional framework and defend civil liberties, and you also have to uphold the rights of private property. Websites are indeed private property, as much as a person’s home is private property. There is no such thing as free[…]

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Cocoa Futures Hit One Year Low As Pandemic Wrecks Global Consumption  

Cocoa Futures Hit One Year Low As Pandemic Wrecks Global Consumption   Tyler Durden Tue, 06/30/2020 – 23:45 ICE Europe cocoa futures plunged to one year low on Monday following demand concerns and oversupplied conditions amid mounting global economic headwinds that suggest no V-shaped recovery in the back half of 2020. September London cocoa futures ended the session down 6 pounds to 1,682 pounds per tonne, now in bear market territory, plunging -20% since mid-February. In 15 quarters, from 3Q16, cocoa futures have tumbled 34%.  Reuters explains the bearish fundamental backdrop for the cocoa market will likely pressure prices ahead:  “Above-average rains last week in most of[…]

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Russiagate’s Last Gasp

Russiagate’s Last Gasp Tyler Durden Tue, 06/30/2020 – 23:25 Authored by Ray McGovern via ConsortiumNews.com, On Friday The New York Times featured a report based on anonymous intelligence officials that the Russians were paying bounties to have U.S. troops killed in Afghanistan with President Donald Trump refusing to do anything about it.  The flurry of Establishment media reporting that ensued provides further proof, if such were needed, that the erstwhile “paper of record” has earned a new moniker — Gray Lady of easy virtue. Over the weekend, the Times’ dubious allegations grabbed headlines across all media that are likely to remain indelible in[…]

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US Interest In Coronavirus Waning

US Interest In Coronavirus Waning Tyler Durden Tue, 06/30/2020 – 23:05 COVID-19 cases are reaching record levels yet again in the U.S., despite most developed countries around the world successfully flattening their curve and reopening without another major wave of infections. One of the big problems in the U.S., Statista’s Willem Roper suggests based on recent data, may be a growing indifference amid a weariness of misinformation and a news cycle dominated by the virus. In a new survey from the Pew Research Center, nearly 40 percent of U.S. adults in June say the outbreak has been exaggerated – an almost[…]

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Bill Clinton’s Serbian War Atrocities Exposed In New Indictment

Bill Clinton’s Serbian War Atrocities Exposed In New Indictment Tyler Durden Tue, 06/30/2020 – 22:45 Authored by Jim Bovard via The Libertarian Institute, President Bill Clinton’s favorite freedom fighter just got indicted for mass murder, torture, kidnapping, and other crimes against humanity. In 1999, the Clinton administration launched a 78-day bombing campaign that killed up to 1500 civilians in Serbia and Kosovo in what the American media proudly portrayed as a crusade against ethnic bias. That war, like most of the pretenses of U.S. foreign policy, was always a sham. Kosovo President Hashim Thaci was charged with ten counts of war[…]

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