The Case Against Overhead Presses

Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era Submitted by Thomas Kolbe, A shock for the insured members of the Versorgungswerk Zahnärzte Berlin-Brandenburg (VZB). According to a report this week by Bloomberg, losses at the private pension fund total €1.1 billion. Roughly 50 percent of its invested capital has effectively been wiped out—channeled into private loans to non-listed companies, including rPlanet Earth in California, a shrimp farm in northern Germany, and, repeatedly featured on the investment menus of German pension funds, U.S. commercial real...

While the Saudi-backed government-in-exile for Yemen continues to present the STC separatists as a group that has disbanded and tries to focus on styling themselves as a legitimate government, rallies for the STC continue to grow across the south, hitting more and more cities calling for a restoration of South Yemen as an independent state. […]