From Jenna Orkin Occidental’s CEO Sees Oil Supply Crunch from 2025 China Looks to Take Advantage of the Recent Slide in Oil Prices Vivek Ramaswamy, an 'anti-woke' biotech millionaire and former Harvard rapper running against Trump, has dropped out of the 2024 GOP race Leaked German military documents laid out a doomsday scenario where Russia wins in Ukraine then invades Europe Grid Down Power Up - Documentary “Security lending” by your broker or other intermediary may include lending your stock to short sellers bent on bringing down the value of the stock against your own financial interests. Illegal naked short selling is also facilitated by the impenetrable shield of the DTCC, and so is lending to “shadow banks” for the re-use of collateral. As Caitlin Long, another Wall Street veteran, explains: [T]he shadow banking system’s lifeblood is collateral, and the issue is that market players re-use that same collateral over, and over, and over again, multiple times a day, to create credit. The process is called “rehypothecation.” Multiple parties’ financial statements therefore report that they own the very same asset at the same time. They have IOUs from each other to pay back that asset—hence, a chain of counterparty exposure that’s hard to track. Although improving, there’s still little visibility into how long these “collateral chains” are. 2023 was the hottest year on record by a long shot. Pipe freezes at Portland’s largest sewage pump station Ukraine is getting a new cache of Storm Shadow missiles from its allies I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices LiQiang Says China's Econony Grew an "Estimated" 5.2% in 2023