Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Wednesday, August 21 2019

A former employee of Robert De Niro’s production studio is being sued for millions of dollars after being accused of abusing company time and misappropriating funds.

According to news sources, De Niro's Canal Productions has filed a $6 million suit against Chase Robinson, claiming the employee hired by De Niro in 2008 as an assistant, and later became vice-president of production and finance, binge-watched Netflix during work hours, ordered takeout on the company’s dime, and caused general financial mayhem. The lawsuit accuses Robinson of "breaching her fiduciary duties, [violating] the faithless service doctrine and conversion."

Remarkably, Robinson is accused of “binge-watching astounding hours of TV shows on Netflix.” The lawsuit claims that, “over the 4-day period between Tuesday, January 8 and Friday, January 11, 2019, 55 episodes of ‘Friends’ were accessed.” Allegedly Robinson then watched 32 episodes of Friends on a single Saturday and binged watched 20 episodes of Arrested Development and ten episodes of Schitt's Creek.

“Watching shows on Netflix was not in any way part of or related to the duties and responsibilities of Robinson’s employment and, on information and belief, was done for her personal entertainment, amusement and pleasure at times when she was being paid to work,” the lawsuit mentioned.

Robinson, who recently resigned from her six-figure position, reportedly charged to the company credit card $8,923.20 at Dean and Deluca and Whole Foods, $32,000 for Ubers and taxis and $12,696.65 at the Madison Avenue restaurant Paola’s, over a two-year period. Robinson also allegedly used 3 million of De Niro’s frequent flyer miles for personal trips and vacations and transferred 5 million miles to her personal account, at a total estimated value of $125,000.

Source: Rollingstone.com

Question of the Week   
Which one of the following pandemics caused the largest number of deaths in the 20th Century alone?
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Quote of the Day   
 
"The Justice Department's chief watchdog issued an extraordinary warning Tuesday that the FBI is failing to follow its own rules when pursuing surveillance warrants in sensitive intelligence and terrorism cases, confirming that problems first exposed in the Russia collusion probe extend to other cases.DOJ Inspector General Michael Horowitz wrote FBI Director Chris Wray in a management alert memo that…[more]
 
 
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