United States

We’ve written quite a bit about P2P or, more accurately, "marketplace" lending over the years.

Most recently, we noted that write-offs for five-year LendingClub loans were coming in at between 7% and 8% as opposed to the forecast range of between 4% and 6%. “Their business is to take data and use that to underwrite risk,” Compass Point’s Michael Tarkan told Bloomberg by phone. “If you’re an investor in the loans on the platform, this creates a concern around that underwriting model.”

Authored by Eric Zuesse,

The historical significance of the 2016 U.S. Presidential contest isn’t yet generally recognized. Consider the evidence regarding this historical significance, in the links that will be provided here, and from which the argument here is constructed:

For the first time ever, a Republican campaign ad against Hillary Clinton is entirely truthful about her and focuses on the most important issue facing voters:

 

The United States federal government have told authorities on the West coast to make emergency plans in case of a nuclear attack by North Korea, as the situation between North and South Korea have taken a dangerous turn this weekend.  South Korea have warned that they may be forced to react militarily if North Korea continue to provoke them: “If the North continues to make provocations despite the stern warnings made by our military, it is inevitable for us to roll out a strict response that may lead to the destruction of the Pyongyang regime,” the South Korean Chiefs Of Staff said on Satur

A security chief for the Emirate of Dubai has issued a warning over the prospects of a Donald Trump presidency in the United States. The deputy chairman of police and general security in Dubai, Lt Gen Dhahi Khalfan Tamim, took to Twitter warning  of a “clash of civilisations” if the Republican candidate wins the US election Arabian Business reports: Referencing political scientist Samuel P Huntington’s theory that future wars would be fought between cultures, Tamim warned that a Trump win could see him face ISIL leader Abu Bakr al-Baghdadi.

In response to the rising belligerence by North Korea, and its increasingly more frequent rocket launches, U.S. and South Korean troops staged a massive amphibious landing exercise Saturday, storming simulated North Korean beach defenses amid and threats by Pyongyang to annihilate its enemies.