Breaking Down the Danger of Leveraged ETFs
By Yash Diwan, Intrinio
A leveraged fund typically advertises a multiple return on an underlying ETF. For example, TQQQ seeks to return three times the profits of the SPY 500. But keep in mind that their claims only apply on a daily basis and do not apply for long run investments. For example, if the S&P 500 increases 20% over two years, it is not reasonable to expect the TQQQ to increase 60% during the same period.
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The Triumph and Terror of Wang Huning
By N.S. Lyons, Palladium
Wang Huning is arguably the single most influential “public intellectual” alive today.
A member of the CCP’s seven-man Politburo Standing Committee, he is China’s top ideological theorist, quietly credited as being the “ideas man” behind each of Xi’s signature political concepts, including the “China Dream,” the anti-corruption campaign, the Belt and Road Initiative, a more assertive foreign policy, and even “Xi Jinping Thought.”
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How to Negotiate with Ransomware Hackers
Kurtis Minder finds the cat-and-mouse energy of outsmarting criminal syndicates deeply satisfying.
By Rachel Monroe, The New Yorker
More recently, syndicates have added extortion to their playbook. They siphon off confidential files before encrypting systems; if their ransom demand isn’t met, they threaten to release sensitive data to the media or auction it off on the black market. Hackers have threatened to publish an executive’s porn stash and to share information about non-paying victims with short sellers.
