A stunning soundbite was captured by a Bloomberg reporter during last week's event at the American Bankruptcy Institute. According to judges speaking at an ABI conference Thursday in Manhattan, the U.S. Bankruptcy Court for the Southern District of New York is seeing a sharp rise in cases this year, with Chapter 11 and Chapter 15 filings outpacing national averages.
Russian Foreign Minister Sergey Lavrov had a few choice words for the U.S. media during a press conference in Cyprus a few days after the NYT and WaPo unleashed a pair of dubiously sourced accusations about what was said between President Trump and the minister during a meeting in the Oval Office.
As Russia Insider reports:
The wheels are falling off the US bank loan market.
Some analyst, such as Beacon Advsiros, expected a diplomatic scandal as a worst case scenario outcome from Trump's keynote speech at the Arab Islamic American Summit in Saudi Arabia. That did not happen, and instead Trump delivered a speech that many pundits on both sides of the aisle said was better than expected, even if in a very strict sense.
Clocking in at just over 3,400 words, here is a full transcript of what Trump told Saudi Arabia and the world on Sunday afternoon.
Update: President Trump invoked the wrath of God and good versus evil in his Saudi Arabia address, declaring that terrorists "worship death" rather than any religion. The president said if people do not act against this organized terror, then "we know what will happen and what will be the end result." He said peaceful societies will become "engulfed in violence."
"Drive them out; drive them out of this earth" Trump implored his audience discussing terrorists: