Japanese billionaire loaned $110.5 million Jean-Michel Basquiat masterpiece to artist’s home in Brooklyn

NEW YORK – A Basquiat masterpiece, bought by a Japanese billionaire for a record $110.5 million, will make its museum debut this month, going on display in the artist’s home borough of Brooklyn. Jean-Michel Basquiat’s 1982 Untitled has been virtually…

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

If you invested in the markets circa 1999, it is hard to observe the Bitcoin mania and not experience the feeling that you’ve seen this movie before and know how it will end – in losses and tears. The internet…

Japan says China sent nuclear-powered sub to disputed Diaoyu Islands

Japan said Monday that a Chinese naval submarine spotted in waters off flashpoint islands in the East China Sea was one of its new type of nuclear-powered attack vessels. Tokyo’s statement comes on the same day that China announced three…

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SANTIAGO, Chile: Pope Francis apologizes for sexual abuse by priests

SANTIAGO, Chile — Pope Francis on Tuesday opened his weeklong visit to Chile and Peru with a somber apology for sexual abuse by priests, a scandal that has roiled the Catholic Church. “I cannot help but express the pain and…

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Hong Kong’s Hang Seng Index post record close of 31,904.75

Hong Kong stocks posted their highest ever close on Tuesday, boosted by a flood of cash from mainland Chinese investors and a worldwide surge in optimism about the global economy. The Hang Seng Index leapt 1.81 percent, or 565.88 points,…

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Insider Weekly: Collateral Damage Of Rising Rates

To read the rest of this article, you’ll need to sign up to Insider, our subscription service taking you “backstage” in the world of asymmetric investing & money management. As well as ongoing market commentary, members get specific trade recommendations from Chris MacIntosh &…

Tax hike or tax cut? @CNBC’s misleading report on @GOP’s tax reform

WASHINGTON, January 15, 2018: Now that it’s 2018, millions of taxpayers across America are still wondering: Will I get a tax cut or a tax hike? The answer for a substantial majority of U.S. taxpayers is, “Yes, I’ll get a…

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Disney CEO Robert Iger saw compensation decline to ONLY $36.3 million in 2017 $DIS

LOS ANGELES — Robert Iger, the chief executive of Walt Disney Co., saw his total compensation decline 17 percent in the recently concluded fiscal year to $36.3 million, according to the company’s latest proxy statement filed Friday to the Securities…

Chris Christie and Phil Murphy join together to fight President Trump

WASHINGTON — New Jersey’s incoming and outgoing governors joined U.S. Sens. Cory Booker and Robert Menendez Sunday in urging President Donald Trump’s administration to immediately end talk of allowing oil drilling off the Garden State’s coastline. The proposal “puts at…

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Medical Marijuana Has Lowered Crime, Study Finds

What are the ways to reduce crime rates in the United States? Gun control, counseling programs, crackdown on drugs… that list could go on, but you probably didn’t think legalizing marijuana. According to a new study by a three-member team…

City Governments Around the World are Yanking Their Money Out of Fossil Fuels

The U.S. federal government continues to act as a handmaiden for the fossil fuel industry, refusing to take any action on global climate change – or even acknowledge that a danger exists. Stepping up to the plate, four municipalities across…

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After CFPB Freezes Data Collecting, Sen. Warren Demands Reversal

A federal court last week again ruled in favor of Mick Mulvaney as the rightful head of the Consumer Financial Protection Bureau, which strengthens his hand on such issues as the recent decision to freeze data collection in light of…

.@ReaLDonaldTrump Trolled By California Congressman @TedLieu On Immigration

Donald Trump has been trolled over his “merit-based” immigration proposals by a Democrat lawmaker who suggested he would back whichever immigration criteria allowed the president’s grandfather to enter the country. Responding to Trump’s suggestions that there should be an end…

President Donald Trump: ‘I’m not a racist’

President Donald Trump insisted Sunday that he was “not a racist,” after his reported denunciation of immigration from “shithole” countries triggered a global firestorm of criticism. Trump on Friday tweeted a convoluted denial about the comments, which were reported by…

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Bitcoin fever hits US real estate market, especially cocaine Florida

Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions. As of the end of last year, the digital currency was listed…

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Sean Penn went after @RealDonaldTrump, going so far as to call him an “enemy of mankind”

penn In an op-ed for Time, actor Sean Penn offered a blistering critique of President Donald Trump in response to the disparaging remarks he allegedly made about Haiti and African nations during an Oval Office meeting with lawmakers Thursday on…

A Brief History of Potty Mouth @POTUS’s

President Donald Trump may or may not have used a particularly unflattering vulgarity to describe impoverished nations in the Caribbean and Africa — but he’s got nothing on Lyndon B. Johnson, Richard M. Nixon, Bill Clinton, George W. Bush or…

US resumes taking applications to renew #DACA status

Federal immigration authorities have resumed accepting requests for renewals in DACA, the Obama administration program that shielded hundreds of thousands of young immigrants from being deported. The government’s announcement came four days after a federal judge in San Francisco temporarily…

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Incoming: Hawaiian Missiles for Dinner, Syke

Hawaii officials confirmed a cell phone alert warning of an incoming ballistic missile was a “false alarm” Saturday, but not before the ominous message unnerved residents and stirred confusion across the US state. The emergency alert urging Hawaiians to “seek…

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Dangote Still Richest Man in Africa with a networth of $12.2 billion

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has again been named the riches man in Africa by Forbes, a position he has occupied for the seventh time in a row. Dangote clinched the position with a networth…

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