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Drug cartels make billions in the US, but somebody else is doing the selling

“Unlike Mexican cartels, those gangs have the local knowledge and the manpower to manage street-level distribution” writes Christopher Woody for businessinsider.com. The DEA has published analyses of which TCOs control distribution in US cities, often finding multiple cartels present in larger areas.”The truth here [is] there aren’t people working who are part of the cartel,” Fajardo Orshan added in Spanish. Source: businessinsider.com Share This:

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U.S. investigators approach Deutsche Bank, BofA, JPM in Danske probe: Bloomberg

“The Securities and Exchange Commission and the U.S. Treasury Department are also investigating the Danske Bank transactions through the global banks, Bloomberg said” writes Midwest Communications Inc for 95kqds.com. The Bloomberg report said that there were no signs that Deutsche Bank , Bank of America and JPMorgan , which were correspondent banks for Danske’s Estonian branch, were themselves targets for the investigation. Source: 95kqds.com Share This:

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Across the West powerful firms are becoming even more powerful

“In fact powerful firms were gaining more clout in the West, for bad and good reasons” writes The Economist for economist.com. Economists worry that powerful firms could distort interest rates; central-bank bosses debated this in August at their gathering at Jackson Hole.In old-fashioned industries, however, particularly regulated ones, digital wizardry is less likely to explain powerful firms’ clout.The good reason for more powerful firms is the rise of an innovative elite that is an engine of efficiency. Source: economist.com Share This:

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Trump Gets NATO Backwards

“Twice in the first half of the 20th century, the United States went to Europe to end wars that had engulfed the world” writes President Of The for theatlantic.com. The bargain has been straightforward: America gets bases and a guarantee that we won’t have to fight alone; European allies get protection from the world’s foremost military. Source: theatlantic.com Share This:

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Swelling corporate debt piles are now global fund managers’ major concern

“Rising levels of corporate debt are well and truly on the radar of global fund managers, and that doesn’t bode well for global stocks” writes Sam Jacobs for businessinsider.com. US corporate debt levels have now risen to a record-high 46% of GDP, according to the latest Bank of America survey of global fund managers.Elsewhere in the report, there were mixed signals from fund managers about the investment outlook over the next 12 months.However, 30% of the fund managers surveyed now think US stocks have peaked, which is around double the…

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Hate crimes rose 17% in 2017, according to new FBI data

“Reported hate crimes in America rose 17 percent last year, the third consecutive year that such crimes increased, according to newly released FBI data that showed an even larger increase in anti-Semitic attacks” writes Reporter Focusing On for washingtonpost.com. Incidents targeting people for their sexual orientation accounted for 1,130 hate crimes, according to the FBI. The FBI has urged local police departments to provide more complete information about hate crimes in their jurisdictions.The Department of Justice’s top priority is to reduce violent crime in America, and hate crimes are violent…

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Markets News Stocks 

BANK OF AMERICA: There’s mounting evidence that the stock market will make an extreme move higher before the year ends — here’s where to invest now

“Additionally, no recession since the 1960s has happened without a yield-curve inversion, which occurs when the 2- and 10-year yield spread falls below zero” writes Akin Oyedele for businessinsider.com. Within the stock market, Bartels said it was “concerning” that tech stocks, which until recently had led the market’s gains, have not regained their footing after the recent correction.Bartels recommends that investors focus on large cap, high-quality companies, and noted that healthcare stocks are currently showing market leadership.On the macro side, Bartels points out the slowdown in the housing market as…

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Cyber attacks are the biggest risk, companies say

“In 2016, only North America was concerned by the risks” writes James Titcomb for telegraph.co.uk. When WEF conducted the survey last year, cyber-attacks was the top risk in only two regions, East Asia and the Pacific and North America. The report found the top five risks for European businesses were: cyber-attacks, asset bubble, failure of national governance, failure of financial mechanism or institution, and finally unemployment or underemployment. Source: telegraph.co.uk Share This:

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