Why the World’s Reigning Hedge Fund King Likes Facebook Inc. (Fool)
Josh Brown, who runs the popular blog The Reformed Broker, recently wrote about a gathering of financial gurus at Las Vegas’ Bellagio Hotel and Casino. According to Brown, everyone was there to see one man — primarily because of this man’s huge returns, larger-than-life personality, and penchant for philanthropy. …The man is David Tepper, and he runs the hugely successful Appaloosa Management hedge fund. And recently, he’s been buying up shares of Facebook Inc (NASDAQ:FB). Though it’s impossible to know for certain why Tepper likes Facebook right now, we can make some pretty educated guesses as to what he might be thinking, and what to look for in the quarters ahead.
Jim Rogers regrets not investing in bitcoin in the early days of virtual currency (EconomicCollapseNews)
Jim Rogers, a legendary investor and chairman of Rogers Holdings, spoke with China Money Network on Monday to discuss a wide variety of economic issues, such as geopolitical risks, Chinese monetary policy and artificial liquidity. One particular topic of the interview has generated quite a bit of buzz: bitcoin. While other prominent libertarians have criticized the peer-to-peer decentralized digital currency, such as former Texas Republican Congressman Ron Paul, Peter Schiff, Marc Faber and several Austrian economists, there have been some proponents of bitcoin. One of them may now be Rogers, who conceded that he still doesn’t know enough about them.
George Soros funds, foundations must be held accountable (AlternativeNews)
The Palestinian BDS National Committee (BNC), the largest coalition in Palestinian civil society that is leading the global Boycott, Divestment and Sanctions movement for Palestinian rights, called today for a boycott of the Soros Fund Management and the Open Society Foundations due to the recently announced[1], first-quarter 2014, investment by Soros in Sodastream International Ltd (NASDAQ:SODA) stock and increased investment in Teva Pharmaceutical Industries Ltd (NYSE:TEVA), both Israeli companies that are deeply involved in violations of international law.SodaStream is an Israeli company that manufactures in Ma’ale Adumim, an illegal settlement in the occupied Palestinian territory (OPT) and, as such, is deeply complicit in Israel’s violations of international law. Settlements are illegal under international law and constitute a war crime.
Mike Hasten column: Cooperation in the pipeline (TheNewsStar)
What do Robert Adley, a conservative Republican state senator from the small Bossier Parish community of Benton, and Mary Landrieu, a middle-of-the-road Democratic U.S. senator from New Orleans, have on common? “Not much,” most people would say. But the unlikely pair is linked in a battle with a Boston hedge fund management firm that owns a natural gas pipeline that it wants to abandon without providing a feasible alternative source of gas for residents in nine parishes. Landrieu, chairman of the U.S. Senate Energy and Natural Resources Committee, has asked the Federal Energy Regulatory Commission to reject the request of ArcLight Capital Partners LLC to shut off the Midla pipeline that serves several cities and rural areas in Franklin, Catahoula, Ouachita, Richland, Tensas, Concordia, West Feliciana, East Feliciana and East Baton Rouge parishes.
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