Update: The SEC Folds:
As Bloomberg reports, Third Avenue Management LLC received approval from U.S. regulators to temporarily suspend redemptions from its $788.5 million high-yield bond fund.
Late last month, Argentina voted to throw out the Peronists. In what amounted to a sharp rebuke of Cristina Fernandez de Kirchner's handling of the economy (among other things) Mauricio Macri defeated Daniel Scioli, Kirchner’s hand-picked successor, ushering in what the market hopes will be a new era for a country plagued by persistently high inflation and slumping growth.
Aga Khan is the spiritual leaders of Shia Imami Ismaili Muslims, a sub group of Shia Muslims. He is one of the rare gems of Islamic scholarship and a Harvard Graduate. He has understood the essence of Islam and articulates it very well. Islam to him is serving and caring for people around you, regardless of their affiliation.
The alleged ties between Turkish President Erdogan and Islamist terrorists in Syria is an embarrassment for the Obama administration and the U.S. news media, which would prefer to look the other way rather than face up to the danger created by an out-of-control NATO "ally," writes Robert Parry.
Someone forgot to give the banks the memo that the Fed's first rate hike since 2006 was supposed to, at least on paper, benefit the savers of America and not so much the, well, banks.. Because the ink hadn't even dried on the Fed's statement and one after another banks revealed that they would promptly boost their Prime lending rate from the current benchmark of 3.25% to the new Fed Funds-implied prime rate of 3.50%.