Nearly 10 years to the day since Lehman Brothers failed, the US filed a civil lawsuit in federal court in Brooklyn against Paul Mangione, former Deutsche Bank head of subprime trading, whom it accused of defrauding investors in mortgage-backed securities sold before the financial crisis.
When Raef Lawson filed his $586.56 lawsuit in San Francisco he probably didn't realize he could potentially end up disrupting the entire 'gig economy' that subsidizes a plethora of Silicon Valley tech giants from Uber to DoorDash, but that could very well end up being the outcome.
As Yahoo points out today, Lawson used to be a delivery driver for GrubHub but now he finds himself at the epicenter of an ongoing legal battle over whether 1099 contractors working for firms GrubHub and Uber should really be counted at employees rather than independent contractors.
Authored by Lance Roberts via RealInvestmentAdvice.com,
Recently, Ryan Vlastelica penned a column suggesting investors should simply be “apathetic” when it comes to their money.
“Apathy doesn’t sound like a sensible investment philosophy, but it may be one of the most successful approaches a person can employ to grow wealth.”
Listen. I get it.
Automakers in the US and Europe that have dedicated vast resources to developing electric or hybrid vehicles are slowly waking up to an uncomfortable reality: The market for electric vehicles in the West would simply not exist without subsidies.
Submitted by Francseco Filia of Fasanara Capital
Measuring the Bond Bubble
A key conviction of ours is that we live through a Twin Bubble in asset markets: an Equity Bubble, particularly in the US, and a Bond Bubble, particularly in Europe.