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40 MINS AGO - Zero Hedge

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How Chinese Oligarchs Used Fake Trade Invoices To Launder Almost $1 Trillion Globally

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Our estimates show that the developing world lost US$991.2 billion in illicit financial flows in 2012, over ten times the amount of official development aid received by these countries in that year, and greater than the amount of net foreign direct investment received. From 2003 – 2012, US$6.6 trillion left developing country ...

Tags: How Chinese Oligarchs Used Fake Trade Invoices To Launder Almost $1 Trillion Globally,  Estate Tax Latest News

7 HOURS AGO - Philadelphia Inquirer

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MAY 01, 2015 - TheStreet

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Starwood Hotels Is Checking Out Its Options, and It Has a Lot of Them

NEW YORK (The Deal) -- As Starwood Hotels & Resorts Worldwide launches a strategic review following reshuffling earlier this year, an outright sale may seem like the most obvious choice for the hotel operator. But some company followers doubt that will happen any time soon. Starwood Hotels announced Wednesday that it has retained Lazard to explore a full range of ...

Tags: Starwood Hotels Is Checking Out Its Options, and It Has a Lot of Them,  Estate Tax Latest News

APR 30, 2015 - Zero Hedge

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When Will Apple Stop Screwing The US Economy?

Submitted by Andrew Zatlin via Moneyball Economics, Ty Cobb was a famous baseball player. Infamous, really. He set 90 Major League baseball records, some of which continue today. He was skillful but also mean; he had a reputation for playing dirty. Cobb was known for spiking other players: sharpening his cleats and sliding into them. Nobody much liked playing against ...

Tags: When Will Apple Stop Screwing The US Economy?,  Estate Tax Latest News

APR 30, 2015 - Zero Hedge

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Global Deflation & Credit Spreads

Here is our latest macro note.  The results of the FOMC meeting confirm that most of the media and investor communities don't get the joke on Fed policy since the crisis.  The narrative is about jobs and inflation, but the actions are all about spreads. This is a no-win scenario for Chair Yellen, thus no action.  Our guess is no ...

Tags: Global Deflation & Credit Spreads,  Estate Tax Latest News