Великий австрийский экономист Людвиг фон Мизес (Ludwig von Mises) так написал в своем фундаментальном труде «Человеческая деятельность» (впервые опубликованном Издательством Йельского университета в 1949 году): «Не существует способов избежать резкого схлопывания бума, вызванного кредитной экспансией. Выбор ограничен двумя вариантами: кризис наступит либо раньше как результат добровольного отказа от дальнейшей кредитной экспансии, либо позже как окончательная […]
TOOMEY says Moore should drop out, and Strange should mount a write in -- STRAUSS in Alabama: Republicans sticking with Moore -- TRUMP ABROAD: Getting along with Russia is a good thing -- VF’s new editor
Good Sunday morning. QUESTIONS FOR REPUBLICANS -- If Roy Moore wins, do Republicans allow him in the Senate Republican Conference? Do they put him on prime committees? Will there be a movement to expel Moore? And with Steve Bannon on the warpath, do they have the ability to sideline other candidates who are out of step with the party? -- THE SENATE is a club. Friendships run deep. Moore is going to be an outsider in a place where relationships are the only thing that matter.KELLYANNE CONWAY to MARTHA RADDATZ on ABC’S “THIS WEEK” about ROY MOORE: “I said very early in this process that the conduct as described should disqualify anyone from serving in public office and I’ll stand by that. The president and others in the Republican Party have made clear that if the allegations are true this man should step aside. But I’ve gone farther than that, and I reflected something the vice president said as well, which is everyone should know that conduct is disqualifying. And Mr. Moore has denied that conduct. I think you’ve got other people out there talking about what did or did not happen many years ago.”-- SEN. PAT TOOMEY (R-PA.) to Chuck Todd on NBC’S “MEET THE PRESS”: “I have to say, I think the accusations have more credibility than the denial, I think it would be best if Roy would just step aside. … I think a write in is something we should certainly explore. I think Luther Strange would be a strong candidate for a write in.”-- W.H. LEG AFFAIRS DIRECTOR MARC SHORT to Chuck: "I think that there’s a special place in hell for those who actually perpetrate these crimes, and I think Roy Moore has to do more explaining than he has done so far. But I think we here in Washington have to be careful as well in this. Roy Moore is somebody who graduated from West Point, he served our country in Vietnam, he’s been elected multiple times statewide in Alabama. The people in Alabama know Roy Moore better than we do here in DC, and I think we have to be very cautious, as Senator Toomey said of allegations that are 40 years old that arise a month before election day. ... There’s no Senate seat more important than the notion of child pedophilia Chuck, I mean that’s reality. But having said that, he has not been proven guilty. We have to afford him the chance to defend himself."ON THE GROUND IN ALABAMA -- “Moore backers stand by their man,” by Daniel Strauss in Birmingham: Roy “Moore denied the allegations before an audience of about 100 at the Mid-Alabama Republican Club in Vestavia Hills, drawing applause while casting the accounts as part of a conspiracy between the media, Democrats and the Republican establishment. With the report still just days old, it is still unclear if unwavering loyalty from some supporters will be enough to bring Moore a victory on Dec. 12, even in deeply Republican Alabama. “But in the meantime, the response has shielded Moore against the demands of top Washington Republicans that he exit the race, and his base is prepared to fight on. ‘There was kind of a shock of ‘oh my goodness, these accusations.’ And then the second reaction is, ‘Why now?’ said Ed Henry, a Republican state representative. ‘It just stinks to high heaven. ... It’s intended to demoralize and cause Republicans not to vote in December.’”“Paul Reynolds, a Republican National Committee member from Alabama who attended the Moore event, said he has seen Republicans dividing into two categories since the Moore story broke. ‘There are going to be those who want to wait and see,’ Reynolds said. ‘There will be others that are going to double down and try harder.’” http://politi.co/2zEWfaS-- “Roy Moore Didn’t Deny Kissing Teenagers as 30-Year-Old in Call With Lawmaker,” by Washingtonian’s Elaina Plott: “He couldn’t deny relations with underage women in a phone call with a U.S. senator [on Friday]. According to three sources briefed on the call, Moore could not deny ‘kissing’ or ‘dating’ teenagers while in his thirties. The Republican senator encouraged Moore to drop out of the race, the sources said. A spokesman for Moore declined to comment on an account of the phone call.” http://bit.ly/2zz443L-- Alexander Marquardt (@MarquardtA): “Fmr Dep. DA Theresa Jones, who worked alongside Roy Moore, tells CNN: ‘It was common knowledge that Roy dated high school girls, everyone we knew thought it was weird...We wondered why someone his age would hang out at high school football games and the mall...’”THE CIVIL WAR CONTINUES -- MCCONNELL ON BANNON, via NYT’s Sheryl Stolberg: “Stephen K. Bannon, President Trump’s former chief strategist, is vowing to depose him, telling The New York Times that ‘I have an objective that Mitch McConnell will not be majority leader, and I believe will be done before this time next year.’ Mr. McConnell, he added, ‘has to go.’ “To that, Mr. McConnell laughed. ‘You can write that down,’ he said in an interview on Friday. ‘I laughed. Ha-ha. That’s a perfect response.’ … ‘Mitch will be very calm, he’ll be very strategic, he’ll be very surgical and he will eventually eviscerate Mr. Bannon, and Bannon won’t even know what happened to him,’ said Bill Stone, a former chairman of the Republican Party in Louisville who is close to Mr. McConnell. ‘Bannon is dealing with a man of intellect and a man of experience and a man of patience and resolve like he’s never met in his life.’” http://nyti.ms/2zuY64i WAPO’S DAN BALZ: “Trump dominates the GOP base. Party leaders live with the consequences”: http://wapo.st/2jkT6IQSPOTTED: Jared Kushner and Ivanka Trump last night having dinner at Casa Luca MOVEMENT IN THE MIDDLE EAST – NYT A1, “Trump Team Begins Drafting Middle East Peace Plan,” by Peter Baker: “President Trump and his advisers have begun developing their own concrete blueprint to end the decades-old conflict between Israel and the Palestinians, a plan intended to go beyond previous frameworks offered by the American government in pursuit of what the president calls ‘the ultimate deal.’ After 10 months of educating themselves on the complexities of the world’s most intractable dispute, White House officials said, Mr. Trump’s team of relative newcomers to Middle East peacemaking has moved into a new phase of its venture in hopes of transforming what it has learned into tangible steps to end a stalemate that has frustrated even presidents with more experience in the region. ... “Mr. Trump’s team has collected ‘non-papers’ exploring various issues related to the Israeli-Palestinian conflict, and officials said they expected to address such perennial dividing points as the status of Jerusalem and settlements in the occupied West Bank. Although Mr. Trump has not committed to a Palestinian state, analysts said they anticipated that the plan will have to be built around the so-called two-state solution that has been the core of peacemaking efforts for years. …“‘There’s nothing new under the sun when it comes to Middle East peace,’ said Philip Gordon, a White House Middle East coordinator under Mr. Obama. ‘When you get into these details, that’s when you come up against the strong objections of the two sides. If they don’t want it to be dead on arrival, they may wind up with vague principles, but as we’ve seen, even vague principles are beyond what the parties are willing to embrace.’” http://nyti.ms/2zRyZJJ CATCHING YOU UP ON TRUMP ABROAD …-- TRUMP TO VIETNAMESE PRESIDENT TRUONG TAN SANG ON SOUTH CHINA SEA DISPUTE, per pooler AFP’s Jerome Cartillier: “If I can help mediate or arbitrate, please let me know (...) I am a very good mediator.” -- TRUMP ON PUTIN SAYING HE DID NOT MEDDLE IN U.S. ELECTIONS: “What I said there is that I believe he believes that, and that's very important for somebody to believe. I believe that he feels that he and Russia did not meddle in the election.“As to whether I believe it or not, I’m with our agencies, especially as currently constituted with their leadership. I believe in our intel agencies, our intelligence agencies. I’ve worked with them very strongly. There weren’t seventeen as was previously reported; there were actually four. … Now, at the same time, I want to be able -- because I think it’s very important -- to get along with Russia, to get along with China, to get along with Vietnam, to get along with lots of countries, because we have a lot of things we have to solve. And, frankly, Russia and China in particular can help us with the North Korea problem, which is one of our truly great problems.“So I’m not looking to stand and start arguing with somebody when there’s reporters all around and cameras recording and seeing our conversation. I think it was very obvious to everybody. I believe that President Putin really feels -- and he feels strongly -- that he did not meddle in our election. What he believes is what he believes. … “[I] feel that having Russia in a friendly posture, as opposed to always fighting with them, is an asset to the world and an asset to our country, not a liability. And, by the way, Hillary Clinton had the reset button. She wanted to get back together with Russia. She even spelled ‘reset’ wrong. That’s how it started, and then it got worse. President Obama wanted to get along with Russia, but the chemistry wasn’t there. Getting along with other nations is a good thing, not a bad thing -- believe me. It’s a good thing, not a bad thing.”-- TAKING ADVANTAGE OF 280 CHARACTERS: @realDonaldTrump last night at 7:16 p.m.: “Met with President Putin of Russia who was at #APEC meetings. Good discussions on Syria. Hope for his help to solve, along with China the dangerous North Korea crisis. Progress being made.” … at 7:18 p.m.: “When will all the haters and fools out there realize that having a good relationship with Russia is a good thing, not a bad thing. There always playing politics - bad for our country. I want to solve North Korea, Syria, Ukraine, terrorism, and Russia can greatly help!” ...… at 7:43 p.m.: “Does the Fake News Media remember when Crooked Hillary Clinton, as Secretary of State, was begging Russia to be our friend with the misspelled reset button? Obama tried also, but he had zero chemistry with Putin.” … at 7:48 p.m.: “Why would Kim Jong-un insult me by calling me ‘old,’ when I would NEVER call him ‘short and fat?’ Oh well, I try so hard to be his friend - and maybe someday that will happen!”ON THE WORLD STAGE -- “Duterte to ask Trump to return historic spoils of war taken in 1901,” by CBS News’ Jillian Hughes and Jackie Alemany: “When Philippine President Rodrigo Duterte sits down for his first face-to-face bilateral meeting with President Trump on Monday in Manila, he will come to the table with an unusual request. Duterte wants the United States to return war trophies seized more than 100 years ago: three historic church bells that were taken from the Philippine village of Balangiga after a bloody clash during the Philippine-American War.” http://cbsn.ws/2i9pJWR-- “How Saudi Arabia turned on Lebanon’s Hariri,” by Reuters’ Samia Nakhoul, Laila Bassam and Tom Perry in Beirut: “Sources close to Hariri say Saudi Arabia has concluded that the prime minister -- a long-time Saudi ally and son of late prime minister Rafik al-Hariri, who was assassinated in 2005 -- had to go because he was unwilling to confront Hezbollah. Multiple Lebanese sources say Riyadh hopes to replace Saad Hariri with his older brother Bahaa as Lebanon’s top Sunni politician. Bahaa is believed to be in Saudi Arabia and members of the Hariri family have been asked to travel there to pledge allegiance to him, but have refused.” http://reut.rs/2AzVBuyTHE TRUMP LEGACY -- NYT A1, “Trump Is Rapidly Reshaping the Judiciary. Here’s How,” by Charlie Savage: “In the weeks before Donald J. Trump took office, lawyers joining his administration gathered at a law firm near the Capitol, where Donald F. McGahn II, the soon-to-be White House counsel, filled a white board with a secret battle plan to fill the federal appeals courts with young and deeply conservative judges. Mr. McGahn, instructed by Mr. Trump to maximize the opportunity to reshape the judiciary, mapped out potential nominees and a strategy, according to two people familiar with the effort: Start by filling vacancies on appeals courts with multiple openings and where Democratic senators up for re-election next year in states won by Mr. Trump — like Indiana, Michigan and Pennsylvania — could be pressured not to block his nominees.“And to speed them through confirmation, avoid clogging the Senate with too many nominees for the district courts, where legal philosophy is less crucial. Nearly a year later, that plan is coming to fruition. Mr. Trump has already appointed eight appellate judges, the most this early in a presidency since Richard M. Nixon, and on Thursday, the Senate Judiciary Committee voted along party lines to send a ninth appellate nominee — Mr. Trump’s deputy White House counsel, Gregory Katsas — to the floor.” http://nyti.ms/2iRhuOv--“Trump Nominee for Federal Judgeship Has Never Tried a Case,” by NYT’s Vivian Wang: “A 36-year-old lawyer who has never tried a case and who was unanimously deemed ‘not qualified’ by the American Bar Association has been approved for a lifetime federal district judgeship by the Senate Judiciary Committee. The lawyer, Brett Talley, is the fourth judicial nominee under President Trump to receive a ‘not qualified’ rating from the bar association and the second to receive the rating unanimously.” http://nyti.ms/2yvdcmCMISLEADING CONGRESS? -- “After new revelations, Sessions faces another grilling on Russia contacts in Trump campaign,” by L.A. Times’ Joseph Tanfani: “For Atty. Gen. Jeff Sessions, questions about the Trump campaign and Russia have become a nagging headache that won’t go away. Three times, he has appeared before his former colleagues in the Senate and answered questions about what he knew about contacts with Russians during the campaign. Three times, Sessions stumbled, issuing denials that later proved to be incomplete or wrong. “On Tuesday, the nation's highest lawman will face another grilling on Capitol Hill, this time prompted by claims in court documents and congressional testimony that he was told of at least two aides' meetings with Russian officials — despite his claim last month that he was unaware of any such contacts. ‘The facts appear to contradict your sworn testimony on several occasions,’ all 17 Democrats on the House Judiciary Committee wrote to Sessions last week in advance of his appearance there.” http://bit.ly/2hmzShP-- “Lawmakers question whether key CIA nominee misled Congress,” by AP’s Deb Reichmann: “Two former CIA employees are accusing the Trump administration’s choice for CIA chief watchdog of being less than candid when he told Congress he didn’t know about any active whistleblower complaints against him. Members of the Senate Intelligence Committee asked Christopher Sharpley, the current acting inspector general who’s in line for the permanent job, about complaints that he and other managers participated in retaliation against CIA workers who alerted congressional committees and other authorities about alleged misconduct. ‘I’m unaware of any open investigations on me, the details of any complaints about me,’ Sharpley testified at his confirmation hearing last month.” http://bit.ly/2jkSHGoAP in Berlin: “A list of heartbreak: Newspaper tallies 33,293 dead migrants”: “The German paper Der Tagesspiegel has published a list of 33,293 people who it says died while trying to immigrate to Europe. The list is 46 pages long and covers the period from 1993 to May 29, 2017. The newspaper cites the victims’ names, ages, countries of origin, circumstances, date of death and the source of information. Often, the names are not given because the dead were not identified.” http://bit.ly/2zRXne3SUNDAY BEST … -- JAKE TAPPER talks with FORMER CIA DIRECTOR JOHN BRENNAN on CNN’S “State of the Union”: TAPPER: “What is your response, Mr. Brennan, to what President Trump said about Vladimir Putin and U.S. intelligence agencies?” BRENNAN: “Well, I think Mr. Trump knows that the intelligence agencies, specifically CIA, NSA and FBI, the ones that really have responsibility for counterintelligence and looking at what Russia does, it’s very clear that the Russians interfered in the election. And it’s still puzzling as to why Mr. Trump does not acknowledge that and embrace it, and also push back hard against Mr. Putin. The Russian threat to our democracy and our democratic foundations is real. And I think his continuing to not say very clearly and strongly that this is a national security problem, and to say to Mr. Putin, we know you did it, you would have to stop it, because there are going to be consequences if you don’t.” -- CHRIS WALLACE talks with HOUSE WAYS AND MEANS CHAIRMAN KEVIN BRADY (R-TEXAS) on FOX NEWS’ “Fox News Sunday” about whether the House will pass tax reform by Thanksgiving: BRADY: “I believe it will. I feel there’s strong support for this. We continue to make improvements at every step of the way.”-- “Brady: House will not accept repeal of state, local tax deductions,” by Zach Warmbrodt: http://politi.co/2AADcgO-- JOHN DICKERSON talks with TREASURY SECRETARY STEVEN MNUCHIN on CBS’S “Face the Nation”: DICKERSON: “Let me ask you about [lobbyists]. The president said he wanted to drain the swamp in Washington. What instruction has he given you, in putting this package together, to keep lobbyists' influence out of the process?” MNUCHIN: “Again, I'm not concerned about lobbyists. We've reached out to many, many trade groups to get lots of input, okay? Lots of people, lots of CEOs, have had input into this. But this is all about growth. And this is about an economic program that I've had the opportunity to work with the president since the campaign. And we're focused. We're so excited to get this done and to the President's desk in December." DICKERSON: “So no special instructions, though, about lobbyists, getting them out of this process.” MNUCHIN: “I haven't had any lobbyists really involved with us. We've had trade groups that we've listened to input. But I'm not concerned about lobbyists at all.”ALI WATKINS -- “Cold War Soviet technology studied in Cuba attacks”: “U.S. intelligence officials are closely studying Cold War-era Soviet technology as they seek to determine whether an electronic weapon was used to disorient and injure 24 American officials in Cuba earlier this year. Two intelligence officials tell POLITICO they’re confident that the attacks were conducted with an ‘energy directed’ or ‘acoustic’ device, possibly similar to one used by Soviet intelligence in Havana more than four decades ago, but remain unsure of its exact nature.“That has officials combing classified files and even contacting retired intelligence officers for clues to a mystery that has triggered a diplomatic crisis less than three years after President Barack Obama restored diplomatic relations with Havana. ‘We’re trying to talk to guys as far back as the 1960s,’ said one of the intelligence officials. The sweeping, government-wide search for answers — spearheaded publicly by the State Department — has pulled in expertise from intelligence agencies, science and weapons development offices and health officials. Still, answers remain elusive. ‘It’s baffled the entire community,’ the intelligence official said.” http://politi.co/2AyE31LKOCH WATCH -- “Libertarian billionaire Charles Koch is making a big bet on foreign policy,” by WaPo’s Greg Jaffe: “A foundation overseen by billionaire industrialist Charles Koch is making major investments in foreign policy programs at elite American universities, including a soon-to-be-announced $3.7 million grant to Harvard University and the Massachusetts Institute of Technology. The latest grant ... is part of a larger effort to broaden the debate about an American foreign policy Koch and others at his foundation argue has become too militaristic, interventionist and expensive. It follows about $10 million in similar grants the Charles Koch Foundation has given in recent months to Notre Dame, Tufts University, Catholic University and the University of California at San Diego.” http://wapo.st/2zzefFzFOR YOUR RADAR -- “Woman says she was harassed at defense agency over child-care issues,” by WaPo’s Rachel Weiner: “A female defense agency employee said in court this month that she was isolated and harassed at the office after asking to work from home one day a week because she could not arrange child care. Her bosses at the Defense Security Service say she is simply unhappy she was not given special accommodation. A jury in federal court in Alexandria is expected to decide in the next week which side they believe. Patricia Burke’s suit against the Defense Department is the rare employment discrimination case against the federal government to go to trial.” http://wapo.st/2yVkowq-- “At the SEC, Whistleblowers Blow Whistle on Watchdog,” by WSJ’s Jean Eaglesham: “The watchdog for the [SEC], who encourages staff at the top securities regulator to blow the whistle on misconduct and fraud, is himself the subject of complaints by several whistleblowers. Carl Hoecker, the SEC inspector general, is tasked with rooting out malpractice at the agency. His team investigates alleged misconduct by SEC officials, ranging from insider trading to expenses fraud. The office’s website highlights protections for SEC employees who disclose evidence of waste, fraud or abuse.“At least two employees working for Mr. Hoecker have filed complaints to a different federal whistleblower-protection agency, alleging that he and his senior staff retaliated against them for calling out misconduct within the inspector general’s office, according to people familiar with the matter and documents reviewed by The Wall Street Journal. Raphael Kozolchyk, a spokesman for the SEC Office of Inspector General, said ‘a number of the claims contain significant factual inaccuracies, while others are grossly misleading.’ He added that the office does ‘not comment on ongoing personnel matters.’ Mr. Hoecker didn’t respond to a request for comment.” http://on.wsj.com/2yuCVvtMEDIAWATCH -- “Radhika Jones, a Times Books Editor, Said to Be Next Vanity Fair Editor,” by NYT’s Sydney Ember: “In a dramatic changing of the guard, Radhika Jones, the editorial director of the books department at The New York Times and a former top editor at Time magazine, is expected to be named the next editor of Vanity Fair, according to two people with knowledge of the decision. Condé Nast, which publishes Vanity Fair, plans to make the announcement as soon as Monday. Ms. Jones, 44, will succeed the 68-year-old Graydon Carter, who said in September that he was stepping down from the glossy general-interest magazine after a 25-year run at its helm.” http://nyti.ms/2zwKaGUBONUS GREAT WEEKEND READS, curated by Daniel Lippman:--“The Stockholder in the Sand,” by William D. Cohan in March 2013 in Vanity Fair: “[T]he private origins—and exact size—of his massive fortune are the subject of continued debate between [Alwaleed] bin Talal and prominent media outlets. So what’s the truth? And does one of the richest men on Bloomberg’s Billionaire Index—a calorie-counting cell-phone addict who loves texting James Murdoch—really spend his free time throwing dwarves?” http://bit.ly/2jiEUjO ... 2012 Business Insider profile by Nicholas Carlson http://read.bi/2yQDhkq--“Donald Trump Movie Review - Orson Welles’ ‘Citizen Kane’” – From an interview Trump did with filmmaker Errol Morris for a project called “Movie Movie” -- 3-min. video http://bit.ly/2yOLCFh --“The Convert,” by Abigail Pesta in Texas Monthly: “Tania Joya had been married to a jihadist from Texas for ten years, but she was tired of living like a nomad and unnerved by his increasingly extreme ideology. When he dragged their family to war-torn Syria, she knew it was time to get out.” http://bit.ly/2jfXby6 --“In the Land of Vendettas That Go On Forever,” by Amanda Petrusich in VQR: “In Northern Albania, vengeance is as likely a form of restitution as anything the criminal-justice system can offer.” http://bit.ly/2mgl2Px --“The Long, Bizarre Relationship Between Jann Wenner and Mick Jagger,” by Joe Hagan in Vulture: http://bit.ly/2jg3eTc --“Disneyland with the Death Penalty,” by William Gibson in the April 1993 edition of Wired -- per Longform.org’s description: “On the sanitized wonderland that is Singapore.” http://bit.ly/2zysdVS --“A Restaurant Ruined My Life,” by Robert Maxwell in Toronto Life: “I was a foodie with a boring day job who figured he could run a restaurant. Then I encountered rats, endless red tape, crippling costs and debt-induced meltdowns, started popping sleeping pills, lost my house, and nearly sabotaged my marriage.” http://bit.ly/2yOcPrs --“Under the Banner of New York,” by Zadie Smith in the N.Y. Review of Books: “We can often be found screaming at strangers in the street but we just as frequently pick them up off the floor. We are every variety of human. Some of us are dopers and junkies. Some of us are preschool teachers and nuns. None of us deserve to be killed in the street. We are a multiplicity of humans in an elastic social arrangement that can be stretched in many directions. It’s not broken yet.” http://bit.ly/2yowji0 --“Inside Rodrigo Duterte’s drug war — Part 1, the cycle of violence,” by CBS News’ Kylie Atwood: Hitman “Delo, 40, has two children under the age of 10. They do not know their father is a murderer. He worries most about getting killed and about his true work being revealed to his children. ‘I do feel guilty,’ he says. But he claims he can’t get out, even though he would like to. ‘If you try to get out, they might kill you,’ he says. ‘That it’s my family who might be — I might get killed and they might get killed.’” http://cbsn.ws/2zGabS1--“How to sell a country: the booming business of nation branding,” by Samanth Subramanian in the Guardian: “These days, every place in the world wants to market its unique identity – and an industry has sprung up to help put them on the map.” http://bit.ly/2iJFtPA --“Meet The Riders Of The Sikh Motorcycle Club Of The Northeast,” by Teresa Mathew in BuzzFeed: “Riding their bikes together offers this group of Sikhs an all-American way to celebrate their faith, in a country where it often makes them targets.” http://bzfd.it/2hrVWLQ--“Distaff Meeting: When sisterhood flowered in Detroit,” by the Weekly Standard’s Alice Lloyd in Detroit: “It is Rose McGowan, though, who steals the show. With an otherworldly cadence and a militant message, the reformed Hollywood vamp commands her troops: ‘We are planet women, and you will hear us roar!’” http://tws.io/2hkJU3h --“Frequent Gunfire,” by John Banville in The Nation -- per ALDaily.com’s description: “The fake machismo, the boozing, the braggadocio -- Hemingway kept up the facade of the hairy-chested artist for as long as he was able. But who was he really?” http://bit.ly/2jiDBkP --“Could Rome Have Had an Industrial Revolution?” by Mark Koyama on Medium: http://bit.ly/2yO4jZI --“Mail-Order CRISPR Kits Allow Absolutely Anyone to Hack DNA,” by Annie Sneed in Scientific American -- per The Browser’s description: “You can buy a CRISPR kit by mail order for $130 and do some serious genetic engineering in the privacy of your own home. The starter pack shows you how to modify e coli. The rest is up to you. Are we handing rogue scientists the means to flood the world with mutant life-forms?” http://bit.ly/2ArOjsH -- “Teen Girl Posed For 8 Years As Married Man To Write About Baseball And Harass Women,” by Lindsey Adler in Deadspin: http://bit.ly/2hrKRKKSPOTTED yesterday in Bonn at the COP23 climate talks: Sens. Brian Schatz (D-Hawaii), Sheldon Whitehouse (D-R.I.), Jeff Merkley (D-Ore.) and Ed Markey (D-Mass.), Virginia Gov. Terry McAuliffe, former Vice President Al Gore, former NYC Mayor Mike Bloomberg and California Gov. Jerry Brown. … Lawrence O’Donnell checking his phone outside of Bourbon Steak at the Four Seasons Georgetown in DC last night -- pic http://bit.ly/2yUag7i ... … Michael Jordan sitting at a table by the bar at Bourbon Steak last night before getting dinner at the restaurant ... Ron Kaufman yesterday at Ophelia’s Fish House … Sens. Rob Portman (R-Ohio) and Jack Reed (D-R.I.) received the Panetta Institute for Public Policy’s bipartisan Lincoln-Jefferson award in Pebble Beach, California.SPOTTED yesterday at Weekly Standard editor Steve Hayes’ third annual chili cook-off at his family’s house in Davidsonville, Maryland: Bill Kristol, Peter and Kari Boyer, Matt Labash, Jonathan and Betsy Fischer Martin, Andy Ferguson, Mike Warren, Jonathan and Shannon Last, John and Lauren McCormack, Richard Starr, Ethan Epstein, Adam Keiper, Alice Lloyd, Jenna Lifhits, Vic Matus, Jim Swift. WEEKEND WEDDINGS -- Kris Anderson, a partner at Prospect Strategic Communications, former RNC research director and a Romney and Huntsman alum, on Saturday married Natalie Ethridge, who works for the National Alliance for Public Charter Schools. Pool report: The couple “were married in a beautiful sunset ceremony in Cabo on Saturday before family and friends. As one of the GOP’s most prolific oppo researchers, the welcome party included a LexisNexis challenge. Kris and Natalie first met on the Schwarzenegger campaign in 2006 and started dating in 2008. After nearly a decade together, they chose the very apt #FoolsRushIn hashtag to mark the occasion.” Pic by Eric Draper/Eric Draper Photography http://bit.ly/2zAyeUb SPOTTED: Webber Steinhoff, Ed Murphy, Matt David, Kirsten Kukowski, Jahan Wilcox, Tim Miller (who wore an “I’m with her” shirt) and Tyler Jameson, Sarah Pompei, Joe Pounder, Alex Angel, Francis Brennan, Matt Gorman, Andy Hemming, Jim Bognet, John Wittman and Cait Meisenheimer, Drew Florio and Colleen McGowan, Katie Boyd, Ted Kwong, Tom Merwin, Peter Li, Darrel and Jessica Ng, Tim and Sarah Killeen, Webb Hubbell, Tim Killeen, Fran Brennan, Mason and Chelsea Harrison, Amanda Henneberg, Byron Koay. --Creigh Behnke, deputy finance director at the NRSC and NRCC alum, on Saturday married Michael Senich, a senior associate at Majority Strategies, at The Broadmoor in Colorado Springs, Colo. “The couple met at the NRCC when Creigh worked in the Finance Department and Michael worked for the political office of Speaker of the House John Boehner.” Pic http://bit.ly/2iP4BV7 SPOTTED: Tommy Andrews, Katie Behnke, Megan Cummings, Leigh Tenewitz, Lucy Noell Croxton, Megan Becker, Krista Madaio, Chris Hansen, Tom Whatman, Grant Gardner, Seton Gardner, Michael Beach, Bryan Watkins, Lauren Toomey, Josh Penry, Kristin Strohm, Michael Calvo, Jordan Lieberman, Missy Lieberman and Marcus Rose.--Adam Kennedy, the new White House research director and an RNC alum, tied the knot with health care consultant Kim Wallace at Roofer’s Union in Adams Morgan. The two are college sweethearts. Pic http://bit.ly/2hnMDJf SPOTTED: White House aides Raj Shah, Zach Parkinson, and Tyler Ross and RNC’s Scott Parker and Eric Schulze.--Julia Krieger, deputy comms director for Sen. Heidi Heitkamp (D-N.D.), and Evan Vanderveer, co-founder of Vanshap Capital, had a wedding reception last night at the Barnes Foundation in Philadelphia. The couple previously got married in August in Santorini in a private ceremony. Pic http://bit.ly/2ADHlScBIRTHWEEK (was yesterday): Edelman’s Greg Romano and Michael BoisjolieBIRTHDAY OF THE DAY: Jeremy Skule, SVP and chief marketing officer at Nasdaq and alum of MF Global and Fleishman-Hillard. What he’s reading these days: “‘American Radical: Inside the World of an Undercover Muslim FBI Agent,’ by Tamer Elnoury with Kevin Maurer. I’m fascinated by the work of our intelligence community and my brother is my hero and also in the FBI.” Read his Playbook Plus Q&A: http://politi.co/2mjookr BIRTHDAYS: Dr. Elena Allbritton ... Jeff Zients ... Tyrone Gayle, press secretary for Sen. Kamala Harris (D-Calif.), is 3-0 … Sen. Jack Reed (D-R.I.) is 68 … Eurasia Group president Ian Bremmer is 48 ... USA Today’s Nancy Trejos … former Transportation Sec. Norm Mineta is 86 ... Stephanie Kotuby and Rhana Natour of “PBS NewsHour” (h/t Nick Massella) … Facebook’s Katie Harbath ... Rex Elsass ... Katie Stuntz … Ryan Coyne, founder and CEO of Olympic Media, is 3-0 ... Mark SooHoo of Burson-Marsteller … Politico’s Bennett Richardson … Jenn Ridder ... Luca Spinelli … ThinkProgress’ Kira Lerner … Leo DiBenigno … Joe Johnston … Dave Weinberg ... Takaaki Mizuno is 59 … Kevin Gundersen, director of gov’t relations at Huntsman, is 36 … David Lawrence ... Alex Brown … Michelle Perry ... Kamal Marell ... Jay Lumpkins ... Amber Cottle ... Vinny Minchillo ... Harlan Hill ...... Ross Baird, executive director at Village Capital and author of the new book “The Innovation Blind Spot” ... RNC’s Steve Guest ... Jessica Kahanek ... Maria Cardona, principal at Dewey Square Group … Scott Beauchamp ... Josh Britton ... Alex Griswold of the Free Beacon ... Olivia Lange, a student at Stanford’s GSB ... Erica Sackin, director of political comms at Planned Parenthood ... Laura Mandy Mszar ... Columbia history professor Carol Gluck ... Neal Shusterman is 55 ... Naomi Wolf is 55 ... Nina Brosh ... Jake Orta ... Crozer Connor ... Frank Mazza ... former Rep. Diane Watson (D-Calif.) is 84 ... Gina Hill ... Sheila O’Connell … Mica Strother … Pam Oatis (h/ts Teresa Vilmain)
Дон Дэвис, Prime Meridian: «Если онлайн-кредиторы начнут выдавать крупные займы, у банков точно будут проблемы»
Сооснователь одной из старейших компаний в области управления фондами инвестирования в P2P-кредиты — о том, как негативный опыт общения людей с банками дает толчок индустрии P2P-кредитования, каковы для нее перспективы в новых нишах и в новых географиях после «бума» в США и о позиции регуляторов
Аудиторская группа PwC намерена добиваться отмены решения Национального банка Украины (НБУ) об исключении ООО "ПрайсвотерхаусКуперс (аудит)" (Киев, украинская структура PwC) из реестра аудиторских фирм, уполномоченных проводить аудиторские проверки в банковской отрасли.
Shortly after Jon Corzine not only destroyed MF Global but "vaporized" $1.6 billion in supposedly segregated client funds which were illegally commingled with operating cash, Jon Corzine had a brief encounter with the legal system including several kangaroo court sessions in Congress, which ultimately led to absolutely nothing for two simple reasons. Reason #1: And Reason #2: In fact, Jon Corzine's quiet disappearance into the shadows was apparently only punctuated by one new notable entry in the Urban Dictionary for the term "Corzined" ... but not before rumors emerged that Corzine, whose dream has always been to run his own capital, would start a hedge fund. In August 2012 we wrote that "after 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case." And algos... And glitches... And faulty software installs... And some junior person who has long since left the company... and, and, and, lots and lots of passive voice... Because in the Banana republic of the crave, no bundlers can ever go to jail, no matter how heinous the crime, which is not to say other places are better: in Thailand you shoot your secretary in the stomach during dinner with an Uzi and you don't even pay a $600 fine. But at least it puts things in perspective. So what is next in store for this former man of power? "Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth. If he is successful as a hedge fund manager, it would be the latest career comeback for a man who was ousted from both the top seat at Goldman Sachs and the New Jersey governor’s mansion." So will Jon will be buying Italian bonds? We don't know. Ask him yourself." However, this led absolutely nowhere, leading many to speculate that Corzine was just waiting for a correction before reentering the asset mismanagement business. Then, three years of manipulated, artificially propped up markets later Jon Corzine had enough of waiting for a correction which almost came. And, as the WSJ reported in 2015, the time had come for another push for Vapor Capital Asset Mismanagement LP. To wit: Jon S. Corzine, the embattled former MF Global Holdings Ltd. chief executive and ex-chairman of Goldman Sachs Group Inc., has discussed plans to start his own hedge fund in recent months, according to people familiar with the matter. The fund would start with cash from Mr. Corzine’s personal wealth and a handful of outside investors. Mr. Corzine said he had been speaking with about a half-dozen potential investors, and projected around $150 million in assets under management, one of the people said. Would the fund invest all of its AUM in 2 year Italian bonds? While all answers would be revealed in due time, first Corzine has to get over that whole "criminal" stigma: Mr. Corzine most likely wouldn’t be able to launch a fund until legal proceedings against him over MF Global have been resolved. Pretrial motions are expected to go at least until February of next year. The Commodity Futures Trading Commission in June 2013 filed civil charges against him and is still collecting evidence for a possible trial. However: Mr. Corzine’s supporters point out that he hasn’t been criminally charged and that after MF Global collapsed, his bets on the bonds of Portugal, Italy and other European nations were ultimately proven on target.Mr. Corzine’s supporters point out that he hasn’t been criminally charged and that after MF Global collapsed, his bets on the bonds of Portugal, Italy and other European nations were ultimately proven on target. Yes they were, but in the interim MF Global went bankrupt, and Corzine was exposed as a criminal commingler. In any case, the second, 2015 attempt at starting his own hedge fund also led nowhere. Corzine at a 2010 morning meeting at the headquarters of MF Global, just beforehe blew it up. * * * Now, nearly five years after his first attempt, it's time for try #3, and according to the NYT, Corzine is - again - plotting his next and final act: "starting a hedge fund. And not just any hedge fund, but one designed to take advantage of the turmoil in the Trump era." On a recent afternoon [Corzine] he squeezed into a 100-square-foot office in the Flatiron district of Manhattan — no nameplate on the door — where a pair of Bloomberg terminals consumed much of the space. His eyes fixed on one, Mr. Corzine scribbled notes about his trades on a yellow legal pad as a computer chimed an imitation closing bell. In the final seconds of trading, Mr. Corzine watched as a tiny sliver of his day’s profits slipped away, prompting him to utter a profanity or two and grumble about not ending the afternoon on more of “a high note.” In other words, Corzine wants to go down in a blaze of glory, trading the upcoming Trump crash. In his first interview since the MF Global meltdown, Corzine told the NYT his plans for a new hedge fund, saying that "he will seek to anticipate what often seems unpredictable: how the Trump administration and other world leaders will enact policy and, in turn, move markets." One of his Trump trades, for example, is designed to pay off in the event of a broad decline in the stock market, not unlike what happened Wednesday when shares swooned on Trump-related worries. On the bullish side, he hopes to ride a wave of a corporate-tax overhaul while trading in big tech, banking and industrial companies poised to gain from a policy shift. Nothing groundshattering there, in fact even the 17-year-old "hedge funds managers" on Fin Twitter already have these trades on, so what makes Corzine's product offering unique? Well, we couldn't quite answer that question. Neither apparently could the NYT. Mr. Corzine would hardly be the only hedge fund manager seizing the moment in Washington. Some expect a correction in the stock market as investors come to terms with turmoil in the White House. Mr. Corzine worries that the administration will make “a serious foreign policy mistake,” he said, which would be “horrible for markets.” He said that he planned to place a major bet that the market would fall but added that, as an American, “I’m hoping that I’m wasting money.” Alas, with that "thesis" it's Corzine's LPs that will be thinking the same. That said, at least Corzine has a putch: “I think I can read between the lines more than a lot of people can on these issues,” he said last month, on the eve of a trip to raise money for his fund with wealthy investors. Maybe... except that one time in 2011. And yet, the third time may just be the charm for Corzine: In the first few weeks of marketing, Mr. Corzine has secured commitments and indications of interest in the tens of millions of dollars, according to a colleague who is helping him reach an initial goal of roughly $150 million. At a time when the stars of the hedge fund world can raise billions of dollars in a matter of weeks, Mr. Corzine’s financial ambition is modest. The real test will come, he said, if after several months the fund can demonstrate healthy returns and expand to a broader base of investors. But wait, there's more: There are signs his pitch is resonating with some investors. After securing commitments from family and friends, he recently returned from a trip to the Middle East, where he met with a number of wealthy investors. He also plans to visit Latin America and Hong Kong. When the fund-raising concludes, Mr. Corzine hopes to have collected just shy of $150 million, the amount at which private funds must register with the Securities and Exchange Commission. That sum will include several million dollars of his own money. Indeed, there just may be a lot more dumb money out there than meets the eye. On Friday, Corzine will appear at the SALT Conference in Las Vegas, the premier hedge fund schmooze-fest, where he will join Joseph R. Biden Jr., Ben Bernanke and the singer Jewel, as well as hundreds of fund managers and reporters, in an attempt to conclude his fundraising. Jon, however, is probably unaware that in the 6 years since he was professionally trading, things have changed, and that any and all positions he puts on will be promptly sold to the exchanges' best clients: HFTs who who will seek to frontrun and scalp his limit orders, ram his stops and bleed his P&L to death on a daily basis. In fact, with only $150mm, we give Corzine 6 months before he is forced to shut. Again. We are probably optimistic. The full NYT interview with Corzine can be found here. And
Technology already enables the stock market to be faster and more complex. But what if the actual plumbing behind the market was altered using the blockchain? The post The Blockchain Could Change the Backbone of the Stock Market appeared first on Visual Capitalist.
В опубликованной «БИЗНЕС Online» первой части своей статьи руководитель одной из старейших аудиторских компаний России «ФБК Поволжье» Сергей Никифоров на примере Татфондбанка размышлял о том, как современное состояние российского аудита влияет на процессы банкротства кредитных организаций. Сегодня мы публикуем вторую часть статьи, где Никифоров продолжает свой анализ критической ситуации, сложившийся в отрасли.
«Профсоюзы лгут своим членам. Будущие пенсионеры лгут самим себе. Политики (кроме нескольких храбрецов вроде Уолкера) лгут избирателям». Дэвид Голдман Отравление продолжается капля за каплей. На прошлой неделе ответственные лица США оштрафовали «Голдман Сакс» на $22 миллиона за неудачи при попытках предотвратить умышленно вредные советы аналитиков-исследователей, даваемые привилегированным клиентам по изменениям на рынках. И федеральные прокуроры […]
Payout leaves questions over how much auditors should protect investors
Trump Says If Vote on Health Bill Fails, Obamacare Stays (WSJ) Risky House healthcare vote to test Trump's negotiating skills (Reuters) Trump Dares GOP in High-Stakes Vote on Troubled Health Bill (BBG) All drill, no frack: U.S. shale leaves thousands of wells unfinished (Reuters) Twitter explores subscription-based option for first time (Reuters) EU's Juncker Says U.K. Brexit Bill Will Be About $62 Billion (BBG) House Intelligence Committee Clash Over Nunes Clouds Future of Probe (WSJ) Washington talks end without agreement on Israeli settlements (Reuters) Britain to fire starting gun on Brexit talks (Reuters) Credit Suisse Increases Bonus Pool 6%, CEO Thiam Gets $12 Million (BBG) Blackstone sells 21 percent stake in SeaWorld to China's Zhonghong Zhuoye (Reuters) PwC settles with MF Global over Corzine brokerage's collapse (Reuters) Too much misconduct goes undetected: ex-CFTC chief (Reuters) Microsoft-Probe Blunder Said to Haunt EU as Google Risks Fines (BBG) Putin meets France's Le Pen in Moscow, says won't interfere in election (Reuters) Theranos Offers Shares for Promise Not to Sue Company (WSJ) The Controversial Chinese Economist Uncovering Tough Truths (BBG) Greece to support Rome EU declaration, but wants backing on labor reforms (Reuters) Egypt's former leader Mubarak freed, six years after overthrow: lawyer (Reuters) BOJ chief Kuroda says 'no reason' to withdraw stimulus now (Reuters) Overnight Media Digest WSJ - Theranos Inc plans to give additional shares to investors who pledge not to sue the battered blood-testing company or Elizabeth Holmes, its founder and chief executive, people familiar with the matter said. http://on.wsj.com/2n0lOMh - WikiLeaks released new documents it says describe hacking tools used by the Central Intelligence Agency over the past decade to infect Apple Inc devices. http://on.wsj.com/2n05dZ7 - Businesses, particularly those in the tech sector, are watching closely a case to be argued in the Supreme Court next week challenging a system that has led to a concentration of patent cases in plaintiff-friendly jurisdictions such as eastern Texas. http://on.wsj.com/2n0oYPY - Google's commitment to better police the millions of websites and videos across its advertising networks is complicated by the very scale and diversity that has made the network so attractive to marketers. http://on.wsj.com/2n03xyI - Amazon.com Inc prevailed over the Internal Revenue Service in a more than $1.5 billion dispute over the online retailer's transactions with a Luxembourg subsidiary. http://on.wsj.com/2n05lb3 - Walt Disney Co said Robert Iger has extended his contract for a third time and will stay on at least one additional year as chairman and CEO, giving the world's largest media company another year to find a new chief executive. http://on.wsj.com/2n04neK - The U.S. ban on many carry-on electronics aboard Middle East flights is another powerful headwind for the once-highflying club of Persian Gulf airlines — a group that relies more than many on the laptop-toting business traveler. http://on.wsj.com/2my5qXb - Videogame chain GameStop Corp, hit hard by a shift to digital downloads, plans to close at least 150 stores this year and expand non-gaming businesses. http://on.wsj.com/2my1INe - Tronc Inc agreed to buy all the stock held by one of its largest outside shareholders at a substantial premium amid an increasingly bruising public fight between its two biggest investors. http://on.wsj.com/2my17vb FT Britain's markets watchdog has resumed its investigation into payments made by Barclays Plc in the course of a 2008 emergency fundraising, after reviewing new evidence that could see it reconsider a 50 million-pound ($62 million) fine imposed in 2013. Deutsche Bank AG has chosen a new office for its London headquarters, signalling a vote of confidence in Britain's capital despite the country's decision to leave the European Union. One of Britain's biggest water companies, Thames Water, was scrutinized on Thursday by Ian Byatt, a former head of regulator Ofwat, who said the problem in the water companies is their "complicated corporate structures." A fine of 20 million pounds was imposed on Thames Water on Wednesday for pumping sewage into the River Thames. NYT - Republican senators moved Thursday to dismantle landmark internet privacy protections for consumers in the first decisive strike against telecommunications and technology regulations created during the Obama administration, and a harbinger of further deregulation. http://nyti.ms/2mWZmTz - Ride-sharing service Lyft became the latest company, along with AT&T and Johnson & Johnson, to remove their advertisements from YouTube following ads appearing next to racist videos on YouTube. http://nyti.ms/2n0nMw4 - A lawyer for the Las Vegas sports gambler William Walters, who is on trial in Manhattan on insider trading charges, attacked the credibility of one of the government's main witnesses on Thursday, saying that the witness had lied repeatedly to investigators. http://nyti.ms/2ndjSky - The C.I.A. developed tools to spy on Mac computers by injecting software into the chips that control the computers' fundamental operations, according to the latest cache of classified government documents published on Thursday by WikiLeaks. http://nyti.ms/2n04jvw Canada THE GLOBE AND MAIL ** Ontario Premier Kathleen Wynne has convened a meeting of senior auto sector executives to make sure the government and the industry are on the same page amid the looming renegotiation of the North American free-trade agreement. https://tgam.ca/2myNz2v ** China's new envoy says Beijing is seeking unfettered access for Chinese state-owned firms to all key sectors of the Canadian economy during free-trade talks now under way with Ottawa - including an end to restrictions barring these enterprises from investing in the oil sands. https://tgam.ca/2myOU9h ** Ottawa's plan to end tax allowances for oil firms seeking to drill new wells is riling the energy sector - especially small and medium-sized producers who have already been hit hard by the oil-price drop and increasing competition from the United States. https://tgam.ca/2mys81b NATIONAL POST ** The U.S. State Department is expected to approve TransCanada Corp's Keystone XL pipeline as early as Friday, eliminating a crucial hurdle for the project after years of political wrangling. http://bit.ly/2myFBGC ** Investors at two of Canada's biggest banks, Royal Bank of Canada and Toronto-Dominion Bank, will vote soon on whether shareholders with smaller holdings should have a bigger voice when choosing directors for the board — a move that investor advocates say would, if successful, be a big step towards "shareholder democracy". http://bit.ly/2myA9Ud ** The government of Canada will play the role of venture capitalist and booster to clean technology companies with billions of dollars in funding and outright share purchases budgeted over the next several years. http://bit.ly/2myBudk Britain The Times The Financial Conduct Authority has reopened its investigation into Barclays Plc's 7.3 billion pound ($9.13 billion) Middle East capital raising in 2008 that helped the lender avoid falling into government ownership. http://bit.ly/2nir5Bh The terrorist who killed four people and injured scores more at Westminster on Wednesday has been identified as Khalid Masood, a 52-year-old who was born in Kent. http://bit.ly/2nifemV The Guardian Royal Bank of Scotland is axing 158 branches, most of them NatWest outlets, with the loss of up to 362 jobs. http://bit.ly/2nilACU Shareholders in Crest Nicholson Plc have voted against a pay deal for the company's directors because of concerns that the performance targets were too easy. http://bit.ly/2nigyGl The Telegraph The ruling party of Hungarian Prime Minister Viktor Orban has filed a bill to ban the vintage red-star logo featured on Heineken's products including the beermaker's iconic green bottles. http://ind.pn/2nii4YW Sky News Fears grow for 1,100 high street jobs amid doubts over Jones Bookmaker deal. http://bit.ly/2nioNSX Deutsche Bank AG has signed an agreement with Land Securities Group Plc to take a large chunk of a new building being constructed near the Moorgate tube station. http://bit.ly/2niokQI The Independent Brexit could undermine British efforts to clamp down on bribery and corruption, the OECD has warned. http://ind.pn/2nimKy8 The boss of British Gas owner Centrica Plc collected a 1 million pound pay rise last year, taking his total package to 4.15 million pounds. http://ind.pn/2nimLly
Консалтинговая компания PricewaterhouseCoopers (PwC) договорилась о досудебном урегулировании дела о банкротстве компании MF Global. Представители MF Global, обанкротившейся во время мирового финансового кризиса, обвиняли PwC в том, что та допустила ошибки при консультировании и аудите компании. Сколько заплатит PwC — не сообщается, но управляющие по банкротству MF Global требовали компенсации в размере $3 млрд.Брокерская компания MF Global обанкротилась в 2011 году: тогда она сообщила о задолженности в размере $39,7 млрд при сумме активов $41 млрд. MF Global активно инвестировала в суверенные долги таких стран еврозоны, как Испания, Италия, Португалия, Бельгия и Ирландия.В августе прошлого года PwC также урегулировала дело о коллапсе американского банка Colonial Bank в 2008 году. Тогда иск был предъявлен PwC за то, что она не выявила факты мошенничества в Colonial Bank.Яна Рождественская
PwC settles a multibillion-dollar lawsuit over the collapse of MF Global mid-trial, leaving the question of liability unanswered.
BY JOSHUA TEITELBAUM -- To hold PwC responsible for MF Global's bankruptcy would not only be bad law, it would be bad policy. Turning auditors into insurers of their clients' businesses would produce overdeterrence and risk driving auditors out of the financial marketplace.
Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report Max and Stacy discuss the lawsuit by the administrator of MF Global against PwC for, ultimately, Jon Corzine’s big, bad European bond bet. In the second half Max interviews Charles Hugh Smith of OfTwoMinds.com about whether or not the Federal Reserve Bank has already lost control. WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-E600) http://www.youtube.com/playlist?list=PLPszygYHA9K1GpAv3ZKpNFoEvKaY2QFH_ (E601-E800) https://www.youtube.com/playlist?list=PLPszygYHA9K19wt4CP0tUgzIxpJDiQDyl (E801-E1000) https://www.youtube.com/playlist?list=PLPszygYHA9K302vF9LY8cZJ4_VJB8P347 (E1001 - Current) RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
A federal judge rejects PwC's call for a mistrial in the $3 billion lawsuit over MF Global's collapse, saying the auditors can fight it out in court.
MF Global lawyers dismiss PwC's motion for a mistrial as a desperate attempt to get a "do-over" mid-trial.
As creditors blame accounting firm, it points to collapsed broker’s leadership
PwC asks for a mistrial in MF Global case, saying the plaintiffs have shifted their theory of what caused the company's collapse.
Corzine walks back suggestions bad accounting and confusion were to blame for MF Global's collapse.