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Statement by IMF Managing Director Christine Lagarde at the Conclusion of the Executive Board’s Informal Meeting on Argentina May 18, 2018 The Executive Board of the International Monetary Fund met today in Washington D.C. for an informal meeting on the Argentine authorities’ request for...

“There is no such thing as a problem without a gift for you in its hands.” - Richard Bach

Facebook's China profits. Though Facebook is still banned in China, almost 10% of the firm's global ad revenue comes from the country, according to a new research report. Chinese advertisers will spend an estimated $5 billion in Facebook ad revenue over the course of 2018, if not more. This...

Reuters Staff BOSTON (Reuters) - Hedge fund Pagoda Asset Management is shutting down at the end of the month, becoming the latest casualty in the $3.2 trillion industry after a period of sluggish returns, a source with knowledge of the move said on Thursday. New York-based Pagoda was launched...

“Too low they build, who build beneath the stars.” - Edward Young

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Southwest Airlines finds no fan blade failures in its fleet of engines After inspecting all the fan blades in its fleet of engines, Southwest Airlines Co. found no structural problems like the one that caused the left engine aboard Flight 1380 to fail last month and kill a passenger. (Business...

PayPal and iZettle PayPal is buying the Swedish payments processor iZettle for $2.2 billion in an all-cash deal. Assuming the deal clears in Q3 as planned, it's PayPal's biggest-ever purchase. Like Square, iZettle provides point-of-sale apps and card-readers for small businesses. PayPal has...

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“It is better to light a candle than curse the darkness.” - Eleanor Roosevelt

The tarnishing of a hedge fund legend. By Michelle Celarier May 16, 2018 AddThis Sharing Buttons Share to FacebookShare to TwitterShare to More It was April 23, the day of the 23rd annual Sohn Investment Conference, and David Einhorn was wearing his lucky tie. Since Einhorn’s Sohn debut 16...

"That God does not exist, I can not deny, my whole being cries out for God. I can not forget." - Jean Paul Sartre

"Upgrade your relationships." - Les Brown

"The fault dear Brutus, is not in our stars, But in ourselves, that we are underlings." - William Shakespeare

"If there is not enemy within, enemy outside can do us no harm." - An African Proverb

I found l had less and less to say, until finally, I became silent, and began to listen. I discovered in the silence, the voice of God Kierkegaard

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