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Here’s the dirty little secret. It was the GOP which killed sound money. And its replacement, the Fed’s bad money, is at the root of all statist evil – from imperialist wars abroad to suffocation of free markets, personal liberty and individual responsibility at home. Surely, no Fed has been as far off the deep-end as the mindless money printers in charge of the Eccles Building today. The world’s ablaze with rising goods and services inflation, as we learned again Wednesday morning from the 5.4% rise in the September CPI, and also the ongoing financial asset bubbles the likes of &helli...

Angelo Mastrangelo’s tips on entrepreneurship, turnarounds, and leadership Today 5:30 AM Angelo Mastrangelo stands at the Binghamton University School of Management where he taught leadership and entrepreneurship. He tells leaders to form a good team: “The captain of the ship determines the direction, but the captain is useless without the people on the boat.”Courtesy Angelo Mastrangelo Facebook Share Angelo Mastrangelo is probably best known as the former owner of the Adirondack line of sodas and his creation of the Waist Watchers brand. Through his life, Mastrangelo also held a varie...

It’s a little bit of history repeating in Credit Suisse’s litany of losses We’re sorry, this service is currently unavailable. Please try again later. Dismiss April 21, 2021 — 12.40pm April 21, 2021 — 12.40pm Save Normal text size Advertisement There are echoes of a familiar and not-so-distant past in the litany of woes and losses that have engulfed Credit Suisse this year. The $US4.7 billion ($6.1 billion) of losses from its exposure to the implosion of hedge fund Archegos Capital; the multi-billion exposures of the bank and, more particularly, its clients to the abr...