Democracy, As Scheduled

Burnham Is Facing The Same Dilemma That Has Trapped British Politics Over The Past Decade By Stefan Koopman, senior macro strategist at Rabobank To Govern Is To Choose  Today, Andy Burnham will formally be confirmed as Labour leader. Barring any last-minute surprises, he will become prime minister on Monday. The UK will then have had seven prime ministers in a decade, with five taking office without a general election: May in 2016, Johnson in 2019, Truss and Sunak in 2022, and now Burnham in 2026.  We have often used these mid-term transfers to...

SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs The next test of the AI trade arrives today, as South Korean memory-chip maker SK Hynix's American depositary receipts begin trading under the temporary ticker SKHYV. Shares were priced at about a 3% premium to Thursday's close of its ordinary shares in South Korea. The $26.5 billion offering attracted demand for roughly seven times the shares available, forcing the chipmaker to scale back allocations to major investors, according to Bloomberg. The company sold 177.9 million ADRs...

Eisen Vs Every 'Trumper': There Is Quite A Battle Shaping-Up... Authored by James Howard Kunstler, The Red Line "The ends must justify the means — the only question is what means are necessary." - Saul Alinsky Why do the news anchor ladies of CNN, Erin Burnett, Kate Bolduan, always look so depressed on the air? They never smile. Their faces always register something between grave concern and hysteria. Is it the network’s cratered ratings? The pending hostile takeover by Paramount / Skydance (led by conservative David Ellison)? Too much botox, zombifying the small facial...