Business

Authored by Milton Ezrati via NationalInterest.org,

Authored by John Mills via The Mises Institute,

In December 2016, the National Bank of Ukraine (NBU) nationalized Ukraine’s largest private bank for what we now know was an incorrect understanding of the facts. It remains unclear who benefitted from this expropriation...

But it wasn’t just a misunderstanding. The nationalization of PrivatBank very likely was the result of a still-unexplained refusal by the NBU to accept the financial reality of the situation.

The prosecution in the trial of former Turing Pharmaceuticals CEO Martin Shkreli called more investors to testify about alleged malfeasance by Shkreli during his time as a hedge-fund manager on Monday. And while two witnesses echoed earlier descriptions of Shkreli being evasive when investors asked for their money, both ultimately admitted that they were paid back with interest.

Amazon’s dominance of all things retail-related in the US is starting to effect on how packaged goods are marketed: Big Brands are starting to give up on expensive advertising campaigns because customers no longer see the value in expert branding. Now, thanks to Jeff Bezos and his algorithms, they're fixated at finding the lowest price available.

Content originally published at iBankCoin.com

While everyone on Main street demonizes Goldman for doing God's work, the greedy goblins from Morgan Stanley are, ever so quietly, outperforming Goldman at every turn -- reducing them to a second rate investment bank.