Article: AMC Stock: The Big Screen News That Has AMC Theaters Gaining Once Again

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AMC Stock: The Big Screen News That Has AMC Theaters Gaining Once Again

Brenden Rearick, 20 July 2021

The last month has been pretty rough on AMC Entertainment (NYSE:AMC). The theater chain erased a great deal of its gains over the last few weeks, thanks to slowing momentum in the world of meme stocks. Investors in this highly volatile investing sect have seemingly turned their attention away from large plays like AMC and sent prices tumbling. But now, the company is closing a deal that can bring it some crucial revenue over the next few years; two theaters in the Los Angeles area will become AMC theaters, with the chain signing a years-long lease on the locations. As a result, AMC stock is gaining once again. Continue reading “Article: AMC Stock: The Big Screen News That Has AMC Theaters Gaining Once Again”

Article: In-Depth: Citadel Connect and Dark Pools Uncovered

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In-Depth: Citadel Connect and Dark Pools Uncovered

MTim Fries, 20 July 2021

Before dark pools, institutional investors had to trade in blocks of shares outside trading hours to avoid upsetting the market. Now, the utility found within dark pools is so high that some market makers have embedded them within their operations. There are certainly some benefits here in terms of increased liquidity, but there’s another side of the coin as well.

Throughout 2021, retail traders have uncovered significant short positions held by hedge funds in a number of stocks. Naked short selling is suspected by many retail traders to be involved. At this point, hedge funds have collectively lost $12 billion—so far. Continue reading “Article: In-Depth: Citadel Connect and Dark Pools Uncovered”

Article: Citi, Barclays Beat Sovereign Bond Manipulation Claims on Appeal

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Citi, Barclays Beat Sovereign Bond Manipulation Claims on Appeal

Mike Leonard, 19 July 2021

Citigroup Inc., Barclays Plc, and other top banks got a federal appeals court in Manhattan on Monday to uphold their win against antitrust claims over an alleged scheme to rig the multitrillion-dollar market for bonds backed by foreign governments and multinational institutions.

The U.S. Court of Appeals for the Second Circuit affirmed a pair of rulings by Judge Edgardo Ramos, who previously dismissed allegations that the banks manipulated the $9 trillion to $15 trillion market for “supranational, sub-sovereign, and agency” bonds, or SSA bonds.

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Article: Cannabis Banking Is Happening Despite No Official Legislation In Place

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Cannabis Banking Is Happening Despite No Official Legislation In Place

J. Samuel, 19 July 2021

There has been an increase of banks and credits unions that have spoken on working with cannabis businesses. In recent times reports have come out about how these financial institutes have remained stable over the last quarter. This updated info has come from published federal data.

Going back from the last 3 quarters of 2020 those states have been falling consistently. This is partially happening because of overhauled reporting requirements from the Financial Crimes Enforcement Network. As well this is also due to the coronavirus pandemic. Yet things seem to have been sustainable over the most recent two quarters. Continue reading “Article: Cannabis Banking Is Happening Despite No Official Legislation In Place”

Article: US reaches deal with Vietnam on currency manipulation

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US reaches deal with Vietnam on currency manipulation

KUWAIT TIMES, 19 July 2021

WASHINGTON: The United States and Vietnam on Monday said they had reached an agreement to resolve a dispute over the value of Hanoi’s dong currency, which Washington had briefly accused it of manipulating. Washington in April withdrew its accusation, but Vietnam remains on the US Treasury’s “Monitoring List” for scrutiny of its currency policies.

The new agreement will resolve the dispute between the two countries, according to the joint statement. “Treasury and the (State Bank of Vietnam) have had constructive discussions in recent months through the enhanced engagement process, and reached agreement to address Treasury’s concerns about Vietnam’s currency practices,” the statement said. Continue reading “Article: US reaches deal with Vietnam on currency manipulation”

Article: Oil Leads Market Plunge as Virus Rattles Faith in Recovery

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Oil Leads Market Plunge as Virus Rattles Faith in Recovery

Jill R Shah, 19 July 2021

Oil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent virus shook investor confidence in the global economic recovery.

Futures in New York fell 7.5% on Monday, the largest decline since September. OPEC and its allies agreed to monthly supply hikes of 400,000 barrels a day. At the same time, the spread of the delta variant is stoking a risk-off mood in broader markets and threatening oil demand with fresh mobility restrictions around the world. The dollar also rose, reducing the appeal of commodities priced in the currency. Continue reading “Article: Oil Leads Market Plunge as Virus Rattles Faith in Recovery”

ARISE USA Call for Donations

Commentary

The ARISE USA tour has completed 52 stops (53 counting Battle Mountain). 4 Constitutional Counties have declared themselves and another six are about to declare themselves. We are fulfilling our mission to localize people power.

This is a call for donations for the final push to Bangor, Maine then down the East Coast where our message is most badly needed, and then into Florida for a grand finish.

JOIN THE FIGHT!. Core photos below.

Continue reading “ARISE USA Call for Donations”

Article: The Jeffrey Epstein Cover Up: Pedophilia, Lies, and Videotape

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The Jeffrey Epstein Cover Up: Pedophilia, Lies, and Videotape

Nick Bryant, 18 July 2021

The worst form of injustice is pretended justice,” Plato wrote over two millennia ago. The preceding two decades have witnessed Lady Justice repeatedly eschewing her blindfold to dispense pretend justice to the victims of Jeffrey Epstein and Ghislane Maxwell and also to their cohorts. Numerous procurers and perpetrators who were integral to Epstein and Maxwell’s crimes against children over the course of 25 years have not been indicted, and the charges against Maxwell, which include only one count of child trafficking, are woefully inadequate and a further miscarriage of justice against her victims.

More recently, a report released by the Florida Department of Law Enforcement (FDLE) on May 10, 2021 superimposed an additional miscarriage of justice on the myriad of injustices that have already been inflicted on the victims of Epstein, et al. The FDLE report concluded that a Florida grand jury that didn’t indict Epstein on a single count of child abuse was not guilty of malfeasance.

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Article: FCA warns retail banks over money laundering

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FCA warns retail banks over money laundering

James Hurley, 17 July 2021

The City regulator has warned bosses at Britain’s biggest retail banks that they must do more to stop money laundering or face personal consequences for failing to comply with the rules.

In a letter to retail banking chief executives, David Geale, director of retail banking and payments supervision at the Financial Conduct Authority, said “some firms have fallen short” in adherence to rules governing anti-money laundering and terrorist financing. Continue reading “Article: FCA warns retail banks over money laundering”

Article: Illicit capital flight a big threat to fiscal discipline

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Illicit capital flight a big threat to fiscal discipline

Newage, 17 July 2021

ILLICIT capital flight remains a consistent problem for the economy despite the government’s avowed position against this. The problem has increased, as economists say, because of an apathy on part of the authorities to curb money laundering and a criminal collusion of people in the agencies responsible for ending such capital flight. Although the government has introduced a scope for the private sector to invest abroad, businesses and individuals have continued to exploit the weak regulatory oversight to launder money. Since 2015, when the government allowed the private sector to invest abroad on certain conditions, only $327.14 million, or Tk 2,774.14 crore, has been invested, as the first report of the Bangladesh Bank on outward foreign direct investments says, in foreign countries through the formal channel. But the total amount of money laundered and invested in foreign countries by Bangladeshi businesses and citizens is many times higher than the amount invested through the formal channel. A US state department report published in November 2020 says that Bangladeshis’ investments across the world exceeded $3 billion by 2018, which is about 75 times higher than the legally invested amount. Continue reading “Article: Illicit capital flight a big threat to fiscal discipline”

Article: Affirm’s Max Levchin Responds to New Competition From Apple

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Affirm’s Max Levchin Responds to New Competition From Apple

Bloomberg, 17 July 2021

Affirm CEO Max Levchin discusses Apple’s announcement that they will collaborate with Goldman Sachs and start allowing customers to buy products using Apple Pay and pay off the purchases in installments, which will be in direct competition with his company. He speaks with Emily Chang on “Bloomberg Technology.”

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Article: President of ice cream manufacturer pleads guilty to $1.8 million fraud, tax crime

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President of ice cream manufacturer pleads guilty to $1.8 million fraud, tax crime

Department of Justice, 16 July 2021

COLUMBUS, Ohio – Timothy L. Miller, 55, of Gahanna, Ohio, pleaded guilty in U.S. District Court to one count of wire fraud and two counts of filing a false income tax return. Miller was charged by Bill of Information on April 26, 2021.

According to court documents, from July 2015 through December 2017 Miller was president of Big Drum USA LTD, an ice cream manufacturer located in Columbus, Ohio. Miller fraudulently withdrew $1,797,127.49 from a Big Drum bank account. The withdrawals consisted of the purchase of cashier’s checks made payable directly to casinos, debit card transactions involving hotels and casinos, and cash withdrawals in Ohio, Nevada, Utah, Iowa, Pennsylvania, California, and Ontario, Canada. Miller concealed his actions by logging the transactions as “petty cash” or “loans” in the ledgers of Big Drum. Continue reading “Article: President of ice cream manufacturer pleads guilty to $1.8 million fraud, tax crime”

Article: Kroger closed grocery stores rather than give workers a $4 raise. Now it’s padding shareholders’ pockets with a $1 billion stock-buyback scheme.

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Kroger closed grocery stores rather than give workers a $4 raise. Now it’s padding shareholders’ pockets with a $1 billion stock-buyback scheme.

Paul Constant , 16 July 2021

Back in February, I wrote about the national grocery chain Kroger’s announcement that it was closing low-performing stores in Seattle and Long Beach, California, after the two cities passed laws requiring grocery stores to pay their front-line workers additional $4-per-hour “hero pay” during the pandemic.

“Giant corporations love to use splashy intimidation tactics like this to create fear-inducing headlines, which help to peel support away from worker protections,” I wrote then, adding, “But make no mistake: Even though Kroger’s press releases suggested that the grocery business relies on ‘razor-thin’ profit margins, Kroger has been making a ridiculous amount of money during the pandemic.” Continue reading “Article: Kroger closed grocery stores rather than give workers a $4 raise. Now it’s padding shareholders’ pockets with a $1 billion stock-buyback scheme.”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?