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Johns Hopkins University announced a professor who defended pedophilia would be joining its child sexual abuse prevention center. The university’s Moore Center for Prevention of Child Sexual Abuse announced on Twitter Thursday that former Old Dominion University (ODU) professor Allyn Walker would be joining as a postdoctoral fellow on May 25. Walker garnered national attention in November over his claims it is not immoral for adults to be sexually attracted to children. ODU placed Walker on immediate administrative leave on Nov. 16 due to the negative backlash and disruptive “reactions” from the university community. On Nov. 25, ODU announced Walker would be stepping down from his position. We are excited to share that Allyn Walker, PhD, will be joining the Moore Center as a postdoctoral fellow on May 25. — Moore Center for Prevention of Child Sexual Abuse (@MooreCenter_JHU) May 12, 2022 In his book , “A Long, Dark Shadow: Minor-Attracted People and Their … [Read more...] about Center Created To Prevent Child Sexual Abuse Hires Professor Who Left Last Job After Defending Pedophilia

Share to Twitter Share to Linkedin Topline What might be a lost painting by Pablo Picasso was spotted at the home of Imelda Marcos, the former first lady of the Philippines and the widow of dictator Ferdinand Marcos–who allegedly embezzled billions of dollars from the Philippines before he was ousted–after her son Ferdinand Marcos Jr. won the presidential election this week. Key Facts After his victory in this week’s election, the family released images of Ferdinand Marcos Jr. celebrating with his mother at her home, and Picasso’s “Reclining Woman VI” appears on the wall of a sitting room above a sofa. The painting was one of eight targeted by the Philippines’ government in a 2014 seizure of the Marcos’ assets, but the one seized by the corruption court was later found to be a replica , according to Andres Bautista, the former chairman of the agency tasked with recovering the Marcos family’s ill-gotten wealth It’s unclear if the … [Read more...] about Missing Picasso Found? Photo Suggests Philippines’ Imelda Marcos Might Still Have It.

Share to Twitter Share to Linkedin It was a rocky week for Tesla shares– until Musk’s early Friday tweet. That helped the electric vehicle maker regain some lost ground. With a single tweet at 5:44 AM Friday, Tesla and SpaceX chief Elon Musk simultaneously placed his $44 billion Twitter takeover on hold and demonstrated the platform’s power to move markets. Twitter shares, which plunged in pre-market trading early Friday, ended the day down 9.7%, while shares of Musk’s electric vehicle maker rallied 5.7% Friday to close an otherwise challenging week down 11.1%. The fortune of the world’s richest person–worth an estimated $232.5 billion–rose by $9.5 billion Friday. His losses for the week were cut to $23.4 billion. The divergent fortunes of Twitter and Tesla shareholders are no surprise to Columbia University law professor John C. Coffee, an expert on corporate governance. “The two stocks are logically inversely related, since what is good for Twitter … [Read more...] about Elon Musk’s Early Morning Tweet Sends Twitter Shares Crashing, But He Ends The Day Billions Of Dollars Richer

Share to Twitter Share to Linkedin This kind of inflation is new for a lot of people in the U.S. and Europe. The high levels that typified the 1970s have not been a feature. Even though inflation has raised prices of a basic car in the U.K. since 1980 about 500%, the creeping inflation we’ve “enjoyed” for so long does not have your eyes bugging out at retail or when you fill up with gas or get a utility bill like the inflation that’s in full flow now. For the record, I did say here on Forbes that this was on the way and here it is, so what I’m about to say is not coming from the type of punditry that predicts what has just happened. The call is: do the Fed and others have a game plan that will work in detail or are they winging it and likely to suffer a terrible “lack of policy failure.” A central bank failure means we will crash into depression or rocket into hyperinflation, so it’s the key call. My thesis is this: Inflation is always and everywhere a … [Read more...] about Is Hyperinflation Coming?

Share to Twitter Share to Linkedin The stock market keeps falling and falling because, for the first time in 14 years, there is nobody there to catch it. The “Fed put” has expired. The genesis of the Federal Reserve’s implicit put—the notion that the Fed will fix any decline—was the 2008 Financial Crisis. The financial system was on the ropes and the stock market itself became “too big to fail” as far as the Fed was concerned. Then-Chairman Ben Bernanke printed a bunch of money, boosted the market and was heralded a financial hero. Since then, the Fed has been reluctant to let the stock market drop. Anytime the S&P 500 has a hiccup or correction, the central bank has stepped in to print money, and this liquidity stabilizes stock prices. This implicit “insurance” has been called the Fed put. It’s a word play on options investing. When we buy puts, we are generally buying insurance on our portfolio. Puts rise in value as stock prices drop. … [Read more...] about The Best Dividend For A Bear Market

Share to Twitter Share to Linkedin Key News Asian equity markets were all down overnight. It was a light news day as Fed hike fears and the strong dollar weigh on local sentiment. According to Bloomberg News, traders took profits in yesterday’s strong move in Hong Kong internet stocks despite the government meeting with internet companies next week. The meeting, announced two weeks ago, will include regulators and potentially Vice Premier Liu He, who had called for more clarity and transparency on regulation while also advocating the importance of the platform economy. The market is in a shoot-first/ask questions later mentality though I see more upside than downside in this meeting as China’s economy needs domestic consumption to pick up. It is worth noting that Tencent and Meituan saw another strong day of buying by Mainland investors via Southbound Stock Connect. Tencent reports Q2 financial results next Wednesday post the Hong Kong close. Rumors that … [Read more...] about US Dollar Strength Weighs On CNY

Share to Twitter Share to Linkedin Manuel Blay is editor of TheDowTheory.com , a website that closely tracks the price movements of the Dow Industrials, the Dow Transports and the Dow Utilities, among other indexes. It’s an old-school type of looking at charts that you don’t hear about much when technical analysts gather to compare notes. Blay says you should be paying attention, there’s lots to be learned. I had a chance to ask him some questions about it and here’s how it went: John Navin : Dow Theory is an old form of price chart analysis. Why is it still relevant? Manuel Blay : It is more relevant than ever for three reasons: 1) Because it works. By this, I mean: it cuts drawdowns and outperforms buy and hold. And it performs much better than its trend-following competitors, namely moving averages and breakout systems. 2) Because it was a track record spanning +120 years (for stocks). 3) Because it can be applied to many markets. … [Read more...] about Dow Theory: Is It Still Relevant? Editor Of TheDowTheory.Com Says Yes

Share to Twitter Share to Linkedin Topline One of Edgar Degas’ iconic “Little Dancer” sculptures broke the artist’s auction record Thursday when it sold for $41.6 million from the collection of the late Anne Bass, the former wife of an oil billionaire who championed American ballet. Key Facts “La Petite Danseuse de quatorze ans,” or “Little Dancer of fourteen years,” is a bronze cast of the only sculpture that Degas ever exhibited in his lifetime, based on a young ballerina named Marie van Goethem who was studying ballet in Paris. Thursday’s winning bid for the sculpture—which sold at Christie’s—surpassed the previous record price for a Degas work at auction, which was last set in 2015 when another “Little Dancer” bronze sold for $24.8 million . The record-breaking bronze last belonged to Bass, a longtime patron of the New York City Ballet and the onetime wife of Texas oil billionaire Sid Bass , who is worth $3.5 billion according to … [Read more...] about Degas’ ‘Little Dancer’ Fetches Record-Breaking $41.6 Million In Auction Of Late Ballet Patron’s Art Collection

Share to Twitter Share to Linkedin Topline North Korea confirmed its first Covid-19 death on Friday and said hundreds of thousands of people are sick with a rapidly spreading “fever,” according to state media, a day after the reclusive regime acknowledged its first coronavirus cases and stoked fears of a devastating outbreak. Key Facts North Korea said six people have died and 350,000 people have been treated for an “obscure” fever that has spread “explosively” since late April, according to the Korean Central News Agency. One of the six people who died had tested positive for the omicron BA.2 coronavirus variant, state media confirmed, though it is not clear how many of the total illnesses were due to Covid-19. Of the 350,000 people who developed fevers since late April, around 162,000 have recovered and nearly 188,000 are being “isolated and treated,” according to KCNA North Korean leader Kim Jong Un said the fever outbreak was … [Read more...] about North Korea Reports First Covid Death Amid ‘Explosive’ Disease Outbreak

Share to Twitter Share to Linkedin Topline Twitter shares plummeted during pre-market trading on Friday morning after Elon Musk said his deal to buy the social media company is “on hold” until he gets more information on the number of fake and spam accounts on the platform. Key Facts Musk, whose offer to buy Twitter for $44 billion was accepted by the company’s board in April, said the takeover deal was “temporarily on hold” amid concerns over the number of fake and spam accounts on the site. The billionaire said he was waiting on details supporting the company’s calculation that fake or spam accounts made up less than 5% of its users. Twitter shares fell 25% in pre-market trading after the announcement. Around two hours from his first tweet, Musk added he was “still committed to acquisition.” Key Background Musk has previously said removing spam and fake accounts from Twitter will be one of his “top” priorities. … [Read more...] about Elon Musk Says Twitter Deal ‘On Hold’