• Due to an avalanche of spam we have closed registration. This part of the site is now read only. No more digging or burying .
  • "Recent" is of course all recent stories sorted by the time they were added, the last items added are shown first.
  • "Upcoming" are stories that will be added to "Recent" after a short time period. (Currently 30 minutes)
  • If you see a page take a while to load, that means we're updating the database with fresh stories. You don't have to wait, you can just browse on.
  • This site doesn't rely on user contributions for its stories, like DIGG etc. All stories here are fetched automatically from RSS feeds.
  • By the way this site is mostly about "Music News", but I guess you already figured that out. There's a few non music things but not too many.
  • In order to keep the database somewhat under control all older stories will be deleted once a week, probably all stories older than one or two weeks or so, maybe a month, we'll see. Nobody cares about yesterday's news anyway I reckon.


Finance


Eyeing Pipeline, Russia Forgives North Korean Debt
submitted by mephisto 4 hours ago (via zerohedge.com)
Submitted by Zachary Zeck via The Diplomat,On Friday Russia’s parliament voted to write off roughly 90 percent of North Korea’s debt as Moscow seeks to build a gas pipeline through the Hermit Kingdom.This weekend Reutersreported that Russia’s Duma voted to write off roughly $10 billion worth of the debt that North Korea owes Moscow from the days of the Soviet Union. The vote rati
 
China's Largest Manager Of Bad Debt On The Economy: "Grim And Complicated"
submitted by mephisto 4 hours ago (via zerohedge.com)
"The business environment this year has been "grim and complicated"; that is the message from China's largest manager of bad debt. As Bloomberg reports, China’s bad-loan ratio rose "significantly" in the first quarter, increasing risks for the nation’s banking industry, driving up banks’ sour loans for a ninth straight quarter as of December to the highest level since 2008. Huarong expects p
 
David Stockman Blasts "America's Housing Fiasco Is On You, Alan Greenspan"
submitted by mephisto 6 hours ago (via zerohedge.com)
Submitted by David Stockman via Contra Corner blog,So far we have experienced 7 million foreclosures. Beyond that there are still 9 million homeowners seriously underwater on their mortgages and there are millions more who are stranded in place because they don’t have enough positive equity to cover transactions costs and more stringent down payment requirements.And that’s be
 
HSBC China PMI Indicates 4th Month Of Contraction As Yuan Weakens To Fresh 16 Months Lows
submitted by mephisto 6 hours ago (via zerohedge.com)
HSBC's (Flash) China Manufacturing PMI for April met expectations at 48.3 - holding at its 2nd lowest in 20 months. This is the 4 month of contraction and 4th month without a beat of expectations. April's flash (preliminary) print rose modestly over March's 48.0 but all sub-indices remain weak though some 2nd derivatives are shifting. Employment is worsening at a faster pace and new export orders
 
In "Flash Boys," Michael Lewis Misses the Point -- Deliberately
submitted by mephisto 6 hours ago (via zerohedge.com)
Michael Lewis’ new book “Flash Boys: A Wall Street Revolt,” hit the top of The New York Times bestseller list a week after its release.   As you would expect, the book is skilfully assembled and quite sensational.  When I first started to read it, I too was convinced that Lewis was on to a big story, an important narrative about the seamy underside of Wall Street.  But the mor
 
Chinese Police Forces To Carry Guns For First Time In Over 60 Years
submitted by mephisto 6 hours ago (via zerohedge.com)
Following the Kunming massacre disaster (knife attacks on March 1 at a train station in China's southwestern city of Kunming left 33 people dead and 130 injured) and the recent violent civilian unrest against the Chengguan, The Wall Street Journal reports that over the weekend, more than 1,000 street-patrol officers began carrying 9mm revolvers, Shanghai's Public Security Bureau said. Several othe
 
Here Comes The Next Great Rotation: Out Of Stocks And Into Bonds
submitted by mephisto 6 hours ago (via zerohedge.com)
One of the biggest stories of 2013 was the so-called "great rotation" that was supposed to take place out of treasury funds and into equity funds. And, for a few months, it actually did take place only to see itself unwind promptly, resulting in 10 Year yields now roughly where they were in May of last year despite everyone's eager wishes to punch, kick and scream the 10 Year north of 3% yield. Af
 
US Navy Makes Gas from Seawater
submitted by mephisto 9 hours ago (via zerohedge.com)
Follow ZeroHedge in Real-Time on FinancialJuiceAge-old myths and fantasies about turning stuff that was worthless into gold. Alchemists leaning over their cauldrons of bubbling brew in the dark recesses of the dungeon of some mythical castle somewhere unknown to mankind. Well, perhaps not so unknown and not so fantastical. Today, the US Navy has succeeded in transforming sea water into gasoline. N
 
Guest Post: Piketty's Gold?
submitted by mephisto 9 hours ago (via zerohedge.com)
Originally posted at The New York Sun,With all that has been written in respect to Thomas Piketty's new book, “Capital,” you would think that someone — Paul Krugman, say, or Jonathan Chait or David Brooks or Hendrik Hertzberg; we’re not worried about who it might be so much as someone among the liberal intelligentsia — would have remarked on an odd coincidence of
 
This Is The 7500 Square Foot Soho Loft That Just Sold For $27 Million
submitted by mephisto 9 hours ago (via zerohedge.com)
It may not be a castle, but this $26.58 million penthouse loft in Soho (New York) has become one of the priciest co-ops ever sold in Manhattan below 34th Street. As The Wall Street Journal reports, located in a former manufacturing building at 383 West Broadway, the duplex unit is roughly 7,500 square feet, with four bedrooms, five full bathrooms and one half bath. The deal closed Monday. The buye
 



News Categories


Video Categories