Today Indiana goes to the polls for its presidential primary. Things are looking good for frontrunners Clinton and Trump – with Mr. Humble predicting: “If we win Indiana, it’s over.” And it probably is.
Texas Senator Ted Cruz – aware of his long odds – played down a possible loss. He seemed to quiet his own fears, saying a defeat would still leave him with a chance at the Republican nomination in July. It wasn’t long ago he was calling the Hoosier State a must-win.
Cruz knows how to play the crowd. George W. Bush once said it best: “Some folks look at me and see a certain swagger, which in Texas is called ‘walking.’”
Bigger than life U.S. asset managers Blackrock and Vanguard are the lords of capitalism. They think in trillions, not billions. And – with help from banks and financial engineering – know how to hustle an annual €1 billion out of German tax authorities. It’s called “dividend stripping.”
Data obtained by New York-based ProPublica, analyzed by Handelsblatt, German television broadcaster ARD and The Washington Post, unearthed how the deals worked. And it turns out Germany’s No. 2 bank Commerzbank – bailed out with €18.2 billion in taxpayer funds – was one of the biggest marketers of the loophole.