Montreal Mayor threatens to sue anti-corruption whistleblower after graft accusations

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Zero Hedge On a Long Enough Timeline, the Survival Rate for Everyone Drops to Zero

No, NSA Spying Did NOT Prevent a Terror Attack on Wall Street June 19, 2013

In response to the revelation that the NSA has been illegally spying on all Americans for more than a decade, NSA chief General Keith Alexander claimed that the spying prevented a terrorist attack on Wall Street and the New York subway. There’s only one problem: the claim is completely false. The Christian Science Monitor notes today: According to officials […]

George Washington

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Tyler Durden

Kyle Bass: "The Next 18 Months Will Redefine Economic Orthodoxy For The West" June 19, 2013

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"Tomorrow Is The Big Day" June 19, 2013

From Mike O'Rourke of Jones Trading Fed-stivities Drum roll please ... Tomorrow is the big day. Market participants have been primed and prepared to watch for any changes to the Fed’s forecast. The current Fed forecasts for key metrics are as follows. The 2013 Unemployment Rate is 7.4%. For the 2014 Unemployment Rate, the Fed is forecasting 6.85%. […]

Tyler Durden

CHiNDoGu EXPLaiNeD June 19, 2013

WB7: Chindogu are useless Japanese inventions, including ones that create more troubles than they solve. .

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LeBron James Looks Shockingly Different Without His Headband June 19, 2013

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Tony Manfred

A Bunch Of Miami Heat Fans Left Game 6 Early, Banged On The Doors To Be Let Back In During Overtime June 19, 2013

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Tony Manfred

Spurs Coach Gregg Popovich Gave A Classic Answer When He Was Asked How His Team Would Come Back For Game 7 June 19, 2013

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Tony Manfred

MICHELLE MEYER: Housing Affordability Has Peaked (ITB, XHB) June 19, 2013

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Naked Capitalism

ObamaCare Icebergs: Medical Debt and the Start-Up of the Federally-Run Exchanges June 19, 2013

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Extreme Energy, Extreme Implications: Interview with Michael Klare June 19, 2013

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Yves Smith

Lynn Parramore: Meet America’s Most Shameless Defender of the 1 Percent, Harvard Economist Greg Mankiw June 19, 2013

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Links 6/18/13 June 18, 2013

Yves Smith

NYU Administrators Create Student Debt Slaves to Subsidize Summer Homes, Ginormous Pensions June 18, 2013

When union members demand decent pay levels and work conditions, they are charged with featherbedding and overmanning or the new neoliberal catchall, "demanding uncompetitive wages". But when the upper crust loots institutions, the mainstream media is typically missing in action.

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The Big Picture

10 Tuesday PM Reads June 18, 2013

My afternoon train reads: • The Rally in Three Charts (Hint: It’s Not All About the Fed) (Moneybeat) • Santoli: ‘New Abnormal’ Is the New ‘New Normal’ – but What Is It? (Yahoo Finance) • The central bank (communications) bubble (FT Alphaville) see also Inflation Continues to Undershoot Fed Target (Real Time Economics) • Tokyo...Read More

Barry Ritholtz

Taper Tantrum June 18, 2013

The Times’s David Gillen on market gyrations as Wall Street and world economies tries to guess when the Federal Reserve will slow, or taper, its extraordinary measures to bolster the economy. Taper Tantrum June 17, 2013 By Eric Paternot and Ben Werschkul See also Obama Says Bernanke Has Been at Fed ‘Longer Than He Wanted’...Read More

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The Private-Intelligence Boom, by the Numbers June 18, 2013

Click to enlarge Source: Mother Jones

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Looking at Asset Class Returns by Year June 18, 2013

The pushback from the weekend’s WaPo column was surprisingly fierce. If you can tell me what asset classes will perform best each year in advance, than by all means over-weight that sector. But if you are like the other 99.99% of investors, you are probably better off saying to yourself “Why should I guess when...Read More

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10 Tuesday AM Reads June 18, 2013

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Barry Ritholtz

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Phi Asset Managers LLC, is a quantitative philanthropic financial foundation implementing proprietary investment optimization technology. Our proprietary technologies help generate alpha, adhere to company values, enhance our long-term dedication to our stakeholders, & along with the causes we care about most. Moreover, as a social enterprise, lead with unreserved benevolence. Our philosophy allows for the organization to operate in a carbon neutral, eco-friendly, energy efficient manner. Collectively, Phi Asset Managers CSR initiatives help minimize our eco-footprint, & concurrently maximize management's devotion toward philanthropy.

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Phi Asset Managers 3:24 pm on June 27, 2012 Permalink Reply

Montreal Mayor threatens to sue anti-corruption whistleblower after graft accusations
Reblogged from National Post | News:

MONTREAL — The mayor of Montreal is demanding an apology and retraction of comments made by a prominent anti-corruption whistleblower in a spirited interview.

Jacques Duchesneau, a former city police chief and civil servant who testified recently at the province’s corruption inquiry, made the remarks in an interview with the Montreal Gazette.

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Phi Asset Managers 3:24 pm on June 27, 2012 Permalink Reply