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diligence2 89 posts  |  Last Activity: 20 hours ago Member since: Dec 17, 2015
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  • Tesla Releases Steaming Pile Of Epic "Non-GAAP" Gobbledygook; Stops Reporting Free Cash Flow; Stock Soars

    Perhaps the only company's results we have more fun spreading that Netflix, is Tesla's for the simple reason that the company has managed to convert GAAP reality into a singularity of such non-GAAP #$%$, which is no longer merely laughable but is solidly inside the ridiculous, if not criminal (of course, nobody cares as long as the stock keeps rising but the second it plunges, watch those lawsuits soar), that none other company can even come close.

    Case in point: revenues. Here, somehow, in the traditionally strong Q4 period, Tesla reported $1.2 billion in revenue. You know, plain vanilla GAAP revenue. Here's the problem: non-GAAP revenue - yes, TSLA has non-GAAP revenue - was a whopping $1.7 billion, and the delta between GAAP and non-GAAP a ludicrous $532 million, or more than 40% of actual sales. etc. etc.

  • The Market Oracle
    Who was Lehman Brothers…and what happened to them?
    Lehman Brothers had humble origins, tracing its roots back to a small general store that was founded by German immigrant Henry Lehman in Montgomery, Alabama in 1844. In 1850, Henry Lehman and his brothers, Emanuel, and Mayer, founded Lehman Brothers.

    While the firm prospered over the following decades as the US economy grew into an international powerhouse, Lehman had to contend with plenty of challenges over the years. Lehman survived them all – the railroad bankruptcies of the 1800s, the Great Depression of the 1930s, two world wars, a capital shortage when it was spun off by American Express Co. (AXP) in 1994, and the Long Term Capital Management collapse and Russian debt default of 1998. However, despite its ability to survive past disasters, the collapse of the U.S. housing market ultimately brought Lehman Brothers to its knees, as its headlong rush into the subprime mortgage market proved to be a disastrous step.

    On September 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest US investment bank at the time of its collapse with 25,000 employees worldwide.

    The world’s largest financial institutions trade derivatives. Derivatives are instruments that derive their value from fluctuations in the price of an underlying asset such as a stock or a commodity. Financial institutions, asset managers, corporations, and governments use derivatives to manage volatility in assets that their respective enterprises are exposed to. At the time of its bankruptcy, Lehman Brothers had an estimated $35 trillion notional derivatives portfolio.

  • diligence2 diligence2 Feb 10, 2016 6:32 PM Flag

    Daily Mail
    Victorious Bernie Sanders woos the black vote as he tells The View he wants cops put on trial and has breakfast in Harlem with Al Sharpton – hours BEFORE Hillary sits down with powerbroker

    Bernie Sanders met with the Reverend Al Sharpton for breakfast on Wednesday morning at Sylvia's in Harlem. He then went on The View where he talked to the panel about his plans for criminal justice reform

    The meeting comes after Sanders' decisive win in New Hampshire and took place just a block away from Bill Clinton's old office. Sharpton will then meet with Hillary this afternoon as he interviews her for an MSNBC piece which will run this weekend

    The meeting comes as the two opponents head to South Carolina, where Hillary is the overwhelming favorite among African-American voters
    Four out of five African Americans prefer Clinton to Sanders in that state, and they make up over half the Democratic voters

    The meeting between the men is similar to the one Sharpton had around the same time and at the same place with Obama during the 2008 primary

    With 92% of the vote counted in New Hampshire, Sanders had 60% compared to Clinton's 38%

  • diligence2 diligence2 Feb 19, 2016 4:33 PM Flag

    Sen. Bernie Sanders Passes Hillary Clinton Faster than Barack Obama Did in 2008

    A new Fox News poll of the Democrat primary race shows socialist Sen. Bernie Sanders (I-VT)16%
    edging past Hillary Clinton for the first time — and at a faster rate than Barack Obama outpaced Clinton in 2008.

    The national poll, conducted Monday through Wednesday, shows Sanders with 47 percent support, 3 points higher than Clinton, with 44 percent support.

  • BULGARIAN NOSTRADAMUS: Prophet Baba Vanga Pedicted for 2016 - It’s Not Good

    Bulgaria-born Prophetess Baba Vanga, who died in 1996 aged 85, was known as “Nostradamus from the Balkans” thanks to a purported 85 per cent success rate and has long been revered in Russia and Europe as a kind of supernatural saint.

    She became the go-to psychic for the rich and powerful and admirers, among them heads of state, scientists and historians, would come from all over the world for a few minutes in her company.

    She later served as an adviser to Bulgarian Communist Party leaders, some of whom allegedly exploited her gift to further their own agendas. She was reportedly kept under surveillance by the country’s secret service and her home, the scene of countless meetings with visiting foreign politician and businessmen, reported bugged.

    2016: The chilling prophecies warn of a 2016 invasion of Europe by M*slim extr*mists, a conflict she predicted would begin with the Arab Spring in 2010, play out in Syria where “M*slims would use ch*mical w*rfare ag*inst Europeans”, and culminate in the establishment of a caliphate by 2043 with Rome at its epicentre.

    2043: Europe’s transformation into an Islamic caliphate is complete. Rome is named the capital. The world’s economy thrives under Muslim rule.

    2066: America will use a new climate change w*apon for the first time in a bid to retake Rome and bring back Christianity.

    2076: Communism will return to Europe and the rest of the world.
    -----------------------------------------
    GERMANY - To Welcome 4 to 8 Million Immigrants a Year
    "Merger Of Africa, Europe & Middle East

    if you're thinking of - Traveling to Europe, Investing, Moving . . .

    BELOW VIDEO is GOING VIRAL ACROSS EUROPE - Viewed on Breitbart, YouTube & ZeroHedge - Viewed Millions of Times

    VIDEO: With Open Gates: The Forced Collective Suicide of European Nations’,

    VIDEO The Market Oracle: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

  • 2016: Democratic presidential hopeful Bernie Sanders said Monday his parents would never have thought their son would end up in the Senate and running for president. No kidding. He was a ne’er-do-well into his late 30s.

    Sanders failed to earn a living, even as an adult. It took him 40 years to collect his first steady paycheck — and it was a government check.

    “I never had any money my entire life,” Sanders told Vermont public TV in 1985, after settling into his first real job as mayor of Burlington.

    Sanders spent most of his life as an angry radical and agitator who never accomplished much of anything. And yet now he thinks he deserves the power to run your life and your finances — “We will raise taxes;” he confirmed Monday, “yes, we will.”

    One of his first jobs was registering people for food stamps, and it was all downhill from there.

    Sanders took his first bride to live in a maple sugar shack with a dirt floor, and she soon left him. Penniless, he went on unemployment. Then he had a child out of wedlock. Desperate, he tried carpentry but could barely sink a nail. “He was a shi**y carpenter,” a friend told Politico Magazine. “His carpentry was not going to support him, and didn’t.”

    Then he tried his hand freelancing for leftist rags, writing about “mast*rbation and r*pe” and other crudities for $50 a story.

    He drove around in a rusted-out, Bondo-covered VW bug with no working windshield wipers. Friends said he was “always poor” and his “electricity was turned off a lot.” They described him as a slob who kept a messy apartment — and this is what his friends had to say about him.

    The only thing he was good at was talking … non-stop … about socialism and how the rich were ripping everybody off. “The whole quality of life in America is based on greed,” the bitter layabout said. “I believe in the redistribution of wealth in this nation.

  • ZeroHedge
    Helicopter money may be on the horizon, but if Deutsche Bank has its way, there is at least one intermediate step.

    According to DB's Dominic Konstam, now that the benefits QE "have run their course", it is time for the next, and far more drastic step: "the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes. With this stick would also come a carrot – for example, negative mortgage rates."

    -----------
    Eurozone Will Face Negative Fates For Years, Says Mario Draghi
    The Telegraph

    21 APRIL 2016 • 6:19PM
    The eurozone is heading back towards deflation, the European Central Bank’s chief has warned, as he admitted that interest rates were likely to remain negative for years to come.

  • RT
    While Bernie Sanders’ landslide victory in New Hampshire helped him gain critical momentum, his rival for the Democratic presidential nomination Hillary Clinton continues to widen her lead in terms of super delegate count.

    Since the New Hampshire’s February 9 primary, however, Clinton has picked up endorsements from 87 super delegates – Democratic party insiders who get to cast votes as normal delegates do, but aren’t required to follow will of voters.

    BTW, I guess your vote is worthless.

  • ABC News
    Democratic presidential hopeful Bernie Sanders vowed to break up the country’s largest banks and insurance companies within the first year of taking the oval office in a speech in New York on Tuesday.

    During a speech in downtown Manhattan, Sanders said that within the first 100 days of his administration he would direct his Secretary of the Treasury to compile a list of financial institutions that were “too big to fail.” Within the first year of his presidency, he would move to disband the companies, whose potential financial collapse is deemed too risky to the nation's economy.

    During the course of his remarks, the presidential candidate specifically named several companies when talking about what he sees as reckless and monopolistic behavior on Wall Street, including Bank of America, Citigroup, JP Morgan Chase and others.

    "I will rein in Wall Street so they cannot crash our economy again.

    New Poll
    Bernie Sanders is marching towards winning the Democratic presidential nomination, according to a Quinnipiac University poll published Friday.
    The polls saw Clinton garner 44 percent of the Democratic votes, while 42 percent people voted in favor of Sanders, a remarkable rise in his poll numbers.

    BTW, Poll's indicate Sanders beats all Republican opponents.

  • ZeroHedge

    Americans could lose their Second Amendment, and possibly other, rights simply because they happened to undergo their mandatory depression screening when they were coping with a loved one’s passing or a divorce, or simply having a bad day. As anyone who has been mistakenly placed on the terrorist watch list can attest, it is very difficult to get off a government database even when the government clearly is in error. Thus, anyone mistakenly labeled as depressed will have to spend a great deal of time and money in what may be a futile attempt to get his rights back.

    If mandatory depression screening becomes a reality, it is likely this mental health screening will be expanded to cover screening for other mental illnesses. This could result in anyone with an unpopular political belief or lifestyle choice being labeled as “mentally ill.”

  • Over the past couple of years, dozens of high-profile U.S. companies have moved abroad.

    Medical manufacturer Medtronic moved to Ireland.

    Telecommunications giant Liberty Global moved to the UK.

    DE Master Blenders—the tea and coffee arm of Sara Lee—moved to the Netherlands.

    Omnicom Group, the largest U.S. advertising firm, also moved to the Netherlands.

    Burger King moved to Canada.

    And these are just a few of the most prominent companies breaking the shackles.

    The strategy these companies use is called an inversion. It’s where a U.S. company merges with a foreign company in a country with lower corporate taxes and reincorporates there.

    Johnson Controls is the latest high-profile company to put the Beast on a diet.

    Johnson Controls is a Milwaukee-based $23-billion manufacturing giant. On Monday, the company announced plans to merge with Tyco International and reincorporate in Ireland.

  • CNBC: Why Millennials Are Embracing Socialism & New America

    Millennials now view socialism more positively than capitalism.
    What has undermined faith in our economic system and the very values needed to sustain it?
    -------------
    MarketWatch
    Karl Marx is the most assigned economist in U.S. college classes
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    Business Insider
    Young people in England have the 'lowest literacy levels' in the developed world
    --------------
    The international test most widely used as a tool for measuring education systems worldwide, the Program for International Student Assessment (PISA). The exam is a worldwide study by the Organization for Economic Co-operation and Development (OECD), and it measures 15-year-olds in 65 countries in math, science, and reading.

    The US scores notoriously low on the PISA. In 2012, the most recent time the PISA was conducted, the US ranked 35th in math, 27th in science, and 24th in reading. It ranked below the OECD average in every category:
    ----------------
    The De*th Of The West
    The West is dyi*g. Collapsing birth rates in Europe and the U. S., coupled with population explosions in - The Middle East, Africa & Latin America are causing cataclysmic shifts in world power, as unchecked immigration continues to swamp and polarize every Western society and nation.
    A civilization, culture, and moral order are passing away and foresees a new world order that has t*rrifying implications for our freedom, our faith, and the preeminence of American democracy.

    The America we grew up in gone forever?

  • diligence2 diligence2 Feb 8, 2016 6:32 PM Flag

    ABC News

    Bernie Sanders Vows to Break up Nation's Largest Banks Within His First Year

    Democratic presidential hopeful Bernie Sanders vowed to break up the country’s largest banks and insurance companies within the first year of taking the oval office in a speech in New York on Tuesday.

    During a speech in downtown Manhattan, Sanders said that within the first 100 days of his administration he would direct his Secretary of the Treasury to compile a list of financial institutions that were “too big to fail.” Within the first year of his presidency, he would move to disband the companies, whose potential financial collapse is deemed too risky to the nation's economy.

    During the course of his remarks, the presidential candidate specifically named several companies when talking about what he sees as reckless and monopolistic behavior on Wall Street, including Bank of America, Citigroup, JP Morgan Chase and others.

    "I will rein in Wall Street so they cannot crash our economy again.

    New Poll
    Bernie Sanders is marching towards winning the Democratic presidential nomination, according to a Quinnipiac University poll published Friday.
    The polls saw Clinton garner 44 percent of the Democratic votes, while 42 percent people voted in favor of Sanders, a remarkable rise in his poll numbers.

    BTW, Poll's indicates Sanders beats all Republican opponents. Ob*ama is doing what he can to improve America, with a catch & release immigration policy. His administration is currently distributing 3rd world immigrants( socialist) to small conservative towns (ethnic cleansing the towns) across America. For example: Taking 300 Syrian refugees and placing them in a small conservative town of 1200 people, no longer the same town.

    If you take those same 300 Syrian refugees and place them in a city like Baltimore - one of the most diverse cities in our nation, top 20 most d*ngerous cities in the world. The Syrians would most likely feel like they never left home.

  • Daily Mail
    Terrorists, criminals and foreign fighters are flowing into Europe hidden among migrants every day and ISIS is spreading 'like a cancer' says Nato's top commander
    Terrorists are flowing into Europe among migrants, U.S. general says
    Philip Breedlove claims ISIS is 'spreading like a cancer' within this mix

    Last February, the Islamic State boasted it would soon flood Europe with as many as 500,000 refugees. And the Lebanese Education Minister recently said that there were 20,000 jihadis among the refugees in camps in his country. Meanwhile, 80% of migrants who have recently come to Europe claiming to be fleeing the war in Syria aren’t really from Syria at all.

    So why are they claiming to be Syrian and streaming into Europe, and now the U.S. as well? An Islamic State operative gave the answer when he boasted in September, shortly after the migrant influx began, that among the flood of refugees, 4,000 Islamic State jihadis had already entered Europe. He explained their purpose: “It’s our dream that there should be a caliphate not only in Syria but in all the world, and we will have it soon, inshallah.” These Muslims were going to Europe in the service of that caliphate: “They are going like refugees,” he said, but they were going with the plan of sowing blood and mayhem on European streets. As he told this to journalists, he smiled and said, “Just wait.” We are waiting in the U.S. as well.

    Merger of Africa, Europe & Middle East
    Many of these New Europeans will want to Travel to USA! $$$ for Priceline

    Europe
    VIDEO is GOING VIRAL ACROSS EUROPE - Viewed on Breitbart, YouTube & ZeroHedge

    if you're thinking of - Traveling to Europe, Investing, Moving . . .

    VIDEO: With Open Gates: The Forced Collective Suicide of European Nations’,

    The Market Oracle - Video: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

    Germanys Merkel Gives a BIG Welcome

  • GERMANY - To Welcome 4 to 8 Million Immigrants a Year
    "Merger Of Africa, Europe & Middle East

    Europe
    VIDEO is GOING VIRAL ACROSS EUROPE - Viewed on Breitbart, YouTube & ZeroHedge

    if you're thinking of - Traveling to Europe, Investing, Moving . . .

    VIDEO: With Open Gates: The Forced Collective Suicide of European Nations’,

    Is a hard-hitting film about the European migrant crisis is going viral in Europe, already watched MILLIONS OF TIMES.

    Although the 19-minute film may feel like a dispatch from the future, it is cut entirely from recent news reports, police camera footage, and interviews.
    ---------------
    The Market Oracle - Video

    The Market Oracle: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

    FOUR to EIGHT MILLION IMMIGRANTS A YEAR - Germanys Merkel Gives a BIG Welcome
    German Chancellor certainly gave a message that ‘all are welcome’
    -----------

    One Bright Spot
    CNBC - Reports a quarter of Earths population will be African by 2050 Less

    Although, the Daily Caller Reported:
    GERMANY: 2/3 OF MIGRANTS ILLITERATE: CAN'T WORK - IMO, All who want to work will receive a Job via some type of "Affirmative Action Policy"

    IMHO, That means $$$ for COKE

    Europe - The only question is will it be the Islamic Republics/States of Europe or The Dark Continent? Or a combination of both?

    Sentiment: Strong Buy

  • Europe
    ZeroHedge

    As you might have heard, Sweden has a refugee problem.

    So concerned is Solberg (Norwegian PM) that she's now crafted an emergency law that will allow Norway to refuse asylum seekers at the border in the event “it all breaks down” in Sweden.

    "It is a force majeure proposals which we will have in the event that it all breaks down, the power just comes, and all end in Norway because we are at the top and most of Europe. Norway is the end point, is not it,” Solberg said, in an interview with Berlingske whose Tinne Knudsen adds that “the legislation will soon be presented to the Parliament and is expected to meet broad support.”

    Here’s how the proposal is being presented by the anti-immigration Swedish online magazine Fria Tider: “Norway is now preparing to denounce the Geneva Convention and to secure the border with Sweden by force - without letting people apply for asylum.”
    -----------
    South Africa - Affirmative Action News
    Daily Mail UK

    The 'white squatter camps' of South Africa which are home to hundreds of families enduring terrible poverty…which some blame on the fall of Apartheid

    Working-class white people, most of them Afrikaans-speakers, are going through an intense crisis in South Africa

    Shanty huts sit next to clapped-out cars, as children sprint along the dusty wasteland under the scorching sun. Beyond the flimsy shacks lie ditches and pools of filthy, stagnant water where mosquitoes breed. These are the daily conditions endured by families in South Africa's 'white squatter camps' where there is little food, running water and no electricity.

    A growing number of whites are living below the poverty line in South Africa - the temporary camp is home to around 300 people

    Children run along the rocky, arid ground at the camp - they were born after the end of apartheid in 1994

    A filthy child stares defiantly at the camera - conditions in the camp are tough and there is little food and running water and no electricity

    Sentiment: Strong Buy

  • ZeroHedge
    Eighty-two leading Democrats have cosponsored a House Resolution (H.Res. 569) "Condemning violence, bigotry, and hateful rhetoric towards Muslims in the United States". As of now, H.Res. 569 has been referred to the House Committee on the Judiciary. Americans had better hope that the House Committee will see it for what it is: An attempt to destroy the First Amendment, shield Islam from criticism, and bring "Death to Free Speech

  • Theme park reveals 8pc drop in visitor numbers

    Britons cancelling trips to France since a terrorist attack in Paris last November left 130 people dead have contributed to an 8pc drop in visitor numbers to Disneyland Paris.
    "Primarily due to the November events in Paris," Euro Disney saw first quarter (from October to January) revenues fall to #$%$337.6m (�263.4m), from #$%$341.5m for the same period in the previous accounting year, the company said - a drop of 1.1pc.
    "We experienced strong demand leading up to the November 13 events in Paris, following which we experienced booking cancellations," said Euro Disney president Tom Wolber.

  • Daily Mail UK
    The 'WHITE squatter camps' of South Africa: Shanty towns built after the fall of Apartheid are now home to hundreds of families

    Working-class white people, most of them Afrikaans-speakers, are going through an intense crisis in South Africa

    This is one of 80 white squatter townships in country where families live in poverty, with little food or running water

    Shanty huts sit next to clapped-out cars, as children sprint along the dusty wasteland under the scorching sun.

    Beyond the flimsy shacks lie ditches and pools of filthy, stagnant water where mosquitoes breed.

    These are the daily conditions endured by families in South Africa's 'white squatter camps' where there is little food, running water and no electricity.

    A growing number of whites are living below the poverty line in South Africa - the temporary camp is home to around 300 people

    Children run along the rocky, arid ground at the camp - they were born after the end of apartheid in 1994

    The ruling African National Congress (ANC) government introduced laws that promoted employment for blacks

    A filthy child stares defiantly at the camera - conditions in the camp are tough and there is little food and running water and no electricity

    A filthy child stares defiantly at the camera - conditions in the camp are tough and there is little food and running water and no electricity

    More than 400,000 white South Africans are thought to live in poverty.

  • diligence2 diligence2 Mar 13, 2016 6:33 PM Flag

    InfoW*rs

    POPE CALLS MIGRANT CRISIS ‘ARAB INVASION’, SAYS EUROPE MUST ‘REDISCOVER ITS CULTURAL ROOTS’

    Pope Francis has described the European migration crisis as an “Arab invasion”
    Pope Francis has described the European migration crisis as an “Arab invasion”. He said that “Europe weakens” by “forgetting its own history”,
    -------------------------------------------------------------------------------------------------------
    Left Historian: Christian Germany Everything Dear To Us Will Disappear

    Germany - Because of Mass Migration. Highly respected, former communist professor and historian Jörg Baberowski has warned that “everything dear to [Europeans]” will soon disappear because of his government’s policies towards mass migration.

    The stark warning is sure to echo around Europe, the United Kingdom, and indeed the United States as policy makers throw open Western countries’ borders to migrants from the Middle East and Africa.

    Mr. Baberowski is the Professor of Eastern European History at the Humboldt University of Berlin noted for his expertise on Stalinism. He is a former Communist League of West Germany member, and former chair in Eastern European History at the University of Leipzig in 2001.

    Britain is no longer a Christian country and should stop acting as if it is says Judge.
    Report also recommends new protections for women in Sharia courts and other religious tribunals.