You see a couple of stories like this every year, where the Saudi royal family commits a barbaric act of feudalism, unaware that the whole world isn’t their kingdom. Last year it was Prince Majed bin Abdullah bin Abdulaziz Al Saud demanding his boy servants fart in his face while he pleasured himself. This year it is Princess Hassa ordering her body guard to kill a Parisian painter for taking pictures of the room he was hired to decorate.
The Saudi princess who allegedly ordered one of her bodyguards to kill a Parisian painter and decorator with the words, ‘You have to kill this dog, he doesn’t deserve to live,’ has been named in French media as Princess Hassa, 42, the only daughter of King Salman of Saudi Arabia.
The princess has now reportedly fled Paris, after pleading diplomatic immunity against prosecution, but her bodyguard, who is accused of ordering the unfortunate decorator to kiss his boss’s feet, was arrested and held for two nights before appearing in court Saturday.
The House of Saud sashays around the world committing perverted crimes and getting away with it. But at least we get some fun news bits from it.
A British businessman with extensive knowledge of Saudi and Gulf life told the Daily Beast at the time of the alleged incident, “So this poor decorator had to kiss a princess’s feet? He got off lightly.”
A dash of British humor brings the story around and reminds us that punishment can be infinitely more severe if you offend your royal leaders.
Tesla investors are the stewards of winship this Monday, this dumpy Monday when 70% of stocks are lower on the session. On Sunday, the electric car maker said it delivered 24,500 vehicles in the third quarter, besting Wall Street expectations of around 23,000 vehicles.
Shares of Tesla are up around +4% on the sales figures after recently testing the low-end of their multi-month range.
Tesla bulls defending its rock-solid range low $TSLA#bullish
Look for Tesla to continue to exceed Wall Street expectations as their diverse team of engineers and fearless Leader (all praise and glory to The Leader) press onward with the electric-autonomous car revolution.
Long live Tesla! Long live The Leader!
Writer’s not: I am long of Tesla shares and will always be long of Tesla shares until you pry them from my cold, dead hands.
Fri Sep 30, 2016 3:18pm ESTComments Off on Justice Department Charges Wells Fargo With Illegally Repossessing 413 Service Members’ Cars
The hits keep coming over at Wells Fargo. While still reeling from their fraudulent bank account scheme, the bank will be paying $4.1 million to settle Justice Department charges that it violated federal law by seizing 413 cars owned by service members without a court order.
The Justice Department said the illegal repossessions took place from 2008 to 2015. The first complaint came from an Army National Guardsman in North Carolina who said the bank seized his car while he was preparing to deploy to Afghanistan.
Wells Fargo then auctioned his car and tried to collect a balance of $10,000 from his family, the Justice Department said.
The bank will pay $10,000 to each of the affected service members, plus lost equity in the cars with interest, and repair their credit.
If it keeps on raining, the levy holding WFC shares up is gonna break. For now, shares in the company continue to behave as if all these bankster activities are a normal part of being a bandit bank in the wild west.
Wells Fargo bandits running hooch across the Rocky MountainsComments »
Thu Sep 29, 2016 11:36am ESTComments Off on BANNED: State of California To Stop Banking With Wells Fargo
The bankers at Wells Fargo are being hunted like bandits by the state of California. On Wednesday California Treasurer John Chiang issued a release condemning the bank for defrauding California customers.
Chaing said the gold coast state will no longer use Wells Fargo for the issuance of state municipal bonds, and will no longer invest in any Wells Fargo securities.
Troubles are mounting for the bank despite executives at the firm doing their best to blame their underlings for the fraudulent activity.
Wells Fargo bandits running bootleg liquor in the wild west
Shares in the company are down nearly -10% since September 9th, when regulators levied a small fine against the firm. This bodes well for former WFC banker Kevin Pham, who last week organized national close your account day, urging customers of the bank to sever their relationships with the bank while also shorting the company’s shares.
Apparently California is on board with the young man’s plan.
The sanctions put in place by California’s treasury will last for at least 12 months.
Shares of $FIZZ are all over the place today after Glaucus Research group issued a 62-page report. They are also short sellers in the stock.
National Beverage Corp, parent company to beverages sold under brand names like La Croix, Faygo (Detroit, where my juggalos at?), and Shasta issued a response shortly after calling the report “false and defamatory,” in a scathing take down of a report they claim was intended to “severely manipulate” the company’s stock price.
After being down nearly -20% today, the stock has rebounded but is still off by -6%.
Glaucus Research has made some good calls in the past, including shorting AAMC in early 2014. They produced a Hitler parody during their stay as short sellers, putting custom subtitles on the widely parodied German film “Donwfall.” It’s actually hilarious, and they were right. AAMC shares went from over $1000/share to right around $10/share today. Here’s the video:
Glaucus has had some other hits (and misses) along the way. Bloomberg with the details below:
Glaucus, which publishes most of its research reports on its website, has targeted more than 20 companies around the world. It came to prominence with a report on U.S.-listed Universal Travel Group in March 2011, claiming the Shenzhen, China-based company falsified its financial statements. The company voluntarily delisted in April 2012. The next year, Universal Travel and two former executives agreed to pay $935,000 to settle a U.S. Securities and Exchange Commission lawsuit alleging that it defrauded investors.
More recently, Glaucus made its first foray into Japan in July when it criticized the accounting of Itochu Corp., which trades everything from commodities to clothing. Itochu strongly denied all allegations. While the shares tumbled the day of the report, they’ve since recovered all losses.
Glaucus also targeted Hong Kong’s Tech Pro Technology Development Ltd. at the end of July, sending the shares down 86 percent the day it said the company overstated profits and inflated the purchase price of acquisitions. Tech Pro demanded an apology, saying the report “has no merit” and is “defamatory.”
In good form, National Beverage Corp immedietly came to the rescue of their shareholders (mostly Nick Caporella, the company’s chairman, chief executive officer and founder, who holds 74 percent of its shares) and issued a PR response.
A false and defamatory “research report” was published today by Glaucus Research Group (whose actions relative to other alleged manipulations can be found on the following site http://www.ipetitions.com/petition/open-letter-to-the-sec-to-regulate-market-manipula). We believe that this “report” was intended to severely manipulate our stock price downward in support of short sellers, whose short position has dramatically increased over recent weeks. The allegations in this “report” are untrue and are based on allegations made in a complaint for the purpose of extorting money from the company. That action was dismissed as being without foundation and the complaint was found to be based on lies. Having failed in that effort, the plaintiff and others associated with him, in violation of both confidentiality agreements and court orders, shared his false allegations with short sellers and their co-conspirators.
These wild swings are creating opportunities for short sellers to cover, longs who trust the company to add, and momentum traders to just get inside the tape and poke out some gains.
The hit piece calls for an investigation into the firm’s accounting practices. If they succeed in having an investigation launched, even if it is ultimately proven untrue, share of FIZZ could be in the proverbial ‘fag-box’ for a long time.
Writers note: I started buying FIZZ literally two days ago, FML
Never underestimate the gullibility of the general population.
A video claiming that users can add a headphone socket to the iPhone 7, which only has a Lightning port, by drilling into the bottom of their phone has been watched almost 10m times.
The prank video shows a man drilling a 3.5mm hole into the bottom left edge of the iPhone 7 held in a vice. It points to the row of small holes on the left side that replaced the headphone socket present on the iPhone 6S and claims that drilling into the second hole on the left reveals a hidden socket.
Once the hole has been drilled the video shows an iPhone 7 playing music, although the sound comes out of the speakers, not the white headphones now inserted in the DIY hole.
The incentive to drill the hole exists because when Apple revealed their latest smartphone last week the speculative fears of many materialized into an expensive reality–the universal 3.5 millimeter headphone jack is gone.
The YouTuber who produced the video “specialists in smashing technology for your pleasure” according to his profile. Despite his unique skill set and having other videos featuring the destruction of the iPhone 7, some people went ahead and destroyed their phones after watching the now-viral video.
Now their phones are either completely dead or malfunctioning.
Threats are being made. The leftists want his account shut down.
Moral of the story–not everything you see on the internet is true. Here’s the video, enjoy!
The ad depicts two groups of men meeting at a knee-high wall, presumably on the Mexican border, to drink bottles of frosty Tecate beer.
The advertisement is set to run during the debate. The ad pokes fun at the republican presidential candidate for his stance on immigration reform.
It goes to show how much of a circus this election has become. Tonight’s event better resembles a WWE pay-per-view event than a discussion on world policy.
Tecate is one of the beers sold by Molson Coors Brewing Co. (Ticker: TAP) and is imported from Mexico.
Their support of Hillary Clinton speaks to the desperation of huge global conglomerates to ensure try can continually chase cheap labor around the globe for the benefit of their EPS, even if it’s at the expense of America.
Look for the ad to run early, much like Budweiser would march out the Clydesdales during the Super Bowl.
Your best protest against Tecate is to drink Modelo instead, America’s fastest growing imported beer. Or craft beer if you’re one of those people. But be sure to drink beer before the main event, the matchup you’ve all been waiting for.
Be sure to tune into iBankCoin’s special debate page for live content and other shenanigans like Hillary’s Cough tracker.
A collective shiver runs down the spine of life as China lifts their ban on USA beef.
Thirteen years ago the Peoples Republic of China banned imports of most US beef to avoid the mad cow disease.
China has banned imports of most US beef since 2003, partly due to the concerns over the spread of bovine spongiform encephalopathy, also known as “mad cow disease”. The lifting of the ban will be subject to the completion of detailed quarantine requirements, which will be announced at a later date, the statement said.
Premier Li Keqiang told business groups in New York on Tuesday that China would soon resume imports of US beef.
Cattlemen in the United Steaks can rejoice at the demand that is sure to come from the far east, where billions of businessmen spend most of their days dining at large, meat filled tables.
While doctors and other health officials have made progress in educating American citizens on the best practices of consuming land mammals (small cuts, 1-2x per month), the Chinese give zero fucks about consuming bovine at industrial rates.
Thus, the USA will ‘manufacture’ beef at industrial rates–effectively starving our land of resources like water and feed while emitting greenhouse gasses.
Then there’s the whole murdering of animals on assembly lines, to take the sting of killing a living being away.
Expect meat producers to rage higher, going forward, as long as we do not send them any more Mad Cow.
If you are a soulless capitalist and simply want to make money, no matter the expense to our planet and universal life, here are most of the ways you can play the bull market in beef (courtesy of Exodus Market Intelligence):
When John Shrewsberry, CFO of Wells Fargo gave a consoling speech to his fellow c-suite bankers in New York City earlier this month we could sense the toxicity of life inside Wells Fargo.
Their ruthless behavior is even more evident after Kevin Pham, a former employee of the banking firm took to Facebook and penned a viral post telling everyone to peminantly suspend any account they hold at the San Fransisco bank.
To Wells Fargo Customers and Employees,
I’m a former Wells Fargo employee and am writing this to voice my concerns about the CEO’s response to the fraudulent account scandal and to suggest actions we can take as individuals to hold them accountable.
To give you some background, I worked at Wells Fargo from 2008 to 2010. During my time there, I witnessed the alleged toxic sales culture and victimization of unwitting customers first hand (yes this culture dates back to before 2011).
This extreme pressure forced bankers to specifically target the most vulnerable customers, such as the elderly, young, non-native english speakers, and financially unsophisticated.
I’ve heard of children of elderly customers coming in to ask why their parents had so many accounts that they didn’t use. I’ve seen low income customers have accounts charged off due to fees and their credit destroyed.
I admit, as a young and naive Teller, I participated in these practices, but didn’t realize the gravity of my actions until I became a Banker myself. I personally had a mental breakdown trying to reconcile the conflict between my job responsibilities and my ethics. I brought my concerns to my District Manager in 2010 and was accused of making excuses for my poor performance. I quit shortly after.
Pham goes on to condemn top executives of the bank for accepting zero responsibility for the fraudulent accounts. He then blasts the government for fining the company “0.8% of 2015 Net Income” for the nefarious banking scheme.
The young man also organized a two-day event at the Wells Fargo World headquarters where attendees are encouraged to #CloseYourAccount without rioting or burning hard-working businesses to the ground.
On September 8th, federal regulators determined Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts. These accounts were created to levy late-fees and other expenses against their customers to slowly siphon money into the banks coffers.
The company was fined $185 million dollars and CEO John Stumpf is expected to receive a stern talking to by the Senate Banking committee.
Kevin Pham expects “the bank’s army of high paid lawyers,” to protect the company’s top executives from receiving any real punishment. Therefore he is urging customers to close their accounts, Wells Fargo employees to seek employment elsewhere, and Carrie Tolstedt to return a portion of her $125 million bonus.
Like any good activist, Mr. Pham also announced he is short the company’s stock (ticker: WFC).
You can follow any updates from National Close Your Account Day by clicking here and viewing the recent posts on the event’s Facebook timeline.
In a surprise shift, the United Arab Emirates has agreed to take Syrian refugees into their state.
15,000 of them.
Over 5 years.
Reem Al Hashemi, minister of state for international cooperation was speaking at a UN refugee summit when she announced the plan, saying “we must all do our part”.
“Ultimately, we must offer a source of hope for displaced persons that allows them to maintain dignity, return home, reintegrate themselves into their societies, and rebuild their countries and their lives,” she explained.
