[posting]62219981[/posting]"This Is Insanity!" - Jim Rogers Warns Of "Horrible Time" Ahead
by Tyler Durden
Mon, 01/13/2020 - 16:45
The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Rogers, they will continue this "madness" as long as its necessary.
In an interview with RT’s Boom Bust, Rogers exclaims, that interest rates around the world have never been this low:
"... this is insanity, that’s not how sound economic systems are supposed to work."
https://www.zerohedge.com/markets/insanity-jim-rogers-warns-…
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U.A.E Ruler, SoftBank’s Son to Oversee Building of Indonesia’s New Capital
Arys Aditya, Bloomberg News
BC-UAE-Ruler-SoftBank’s-Son-to-Oversee-Building-of-Indonesia’s-New-Capital , Arys Aditya
(Bloomberg) -- Indonesia nominated the ruler of the United Arab Emirates, Prince Mohammed Bin Zayed Al Nahyan, to chair a panel to oversee the construction of a new capital to ease the burden on sinking and congested Jakarta.
SoftBank Chief Executive and founder Masayoshi Son and former British Prime Minister Tony Blair will also join the steering committee, according to Indonesia’s Coordinating Ministry for Maritime Affairs and Investment. The panel will advise the government on building the new capital at a cost of $34 billion and provide a confidence boost for prospective investors, the ministry said.
Indonesia is set to begin construction of the new capital on Borneo island later this year as President Joko Widodo seeks to decongest a fast sinking Jakarta. SoftBank Group’s Son last week expressed interest in building a smart and green city, joining a long list of global investors wanting to participate in the capital relocation project.
Jokowi, as Widodo is commonly known, ...
https://www.bnnbloomberg.ca/u-a-e-ruler-softbank-s-son-to-ov…
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Gegen US-Sanktionen: Islamische Staaten bauen Gold-gedecktes Handelssystem auf
13.01.2020 17:04
Mit Blick auf die Verhängung von Sanktionen durch die USA bauen vier muslimische Staaten ein Handelssystem mit Golddeckung auf. Auch der Iran ist Teil der Koalition. Das Unterfangen birgt für die Teilnehmer einige Risiken.
Nicolas Dvorak
* Welche islamischen Staaten arbeiten an einem Handelssystem mit Golddeckung
* Warum der Vorstoß eine Gefahr für den US-Dollar ist
* In welchem Zusammenhang das Vorhaben mit dem Ex-Präsidenten Libyens, Gaddafi, steht
https://deutsche-wirtschafts-nachrichten.de/501720/Gegen-US-…
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SoftBank-backed Oyo’s rapid growth reportedly fueled by questionable practices
Published Fri, Jan 3 20201:00 AM ESTUpdated Fri, Jan 3 20201:36 AM EST
Saheli Roy Choudhury
Key Points
* Indian start-up Oyo, which offers budget hotel rooms, is said to have built up its domestic business by employing questionable tactics that are casting doubts on the company’s health, the New York Times reported.
* Oyo is able to bump up the number of listings on its website by including rooms from unavailable hotels, the Times said.
* It is one of India’s most promising start-ups, with a valuation of $10 billion.
https://www.cnbc.com/2020/01/03/softbank-backed-oyos-growth-…
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At SoftBank’s Jewel in India: ‘Toxic’ Culture and Troubling Incidents
Oyo aims to be the world’s biggest hotel chain. But its growth was fueled by questionable practices, employees said.
An Oyo partner property in New Delhi. Oyo has ambitions to be the world’s largest hotel chain by 2023.Credit...Saumya Khandelwal for The New York Times
By Vindu Goel and Karan Deep Singh
Jan. 2, 2020
NEW DELHI — Oyo, a start-up that offers budget hotel rooms, has grown into one of India’s most valuable private companies and aims to be the world’s largest hotel chain by 2023.
But at least part of Oyo’s rise in India was built on practices that raise questions about the health of its business, according to financial filings, court documents and interviews with 20 current and former employees, as well as others familiar with the start-up’s operations. Many spoke on the condition of anonymity for fear of retaliation from the company.
Oyo offers rooms from unavailable hotels, ...
Saurabh Mukhopadhyay, a former operations manager for Oyo, said, “It’s a bubble that will burst.”Credit...Saumya Khandelwal for The New York Times
https://www.nytimes.com/2020/01/02/technology/oyo-softbank-i…
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SoftBank-backed Oyo cuts staff
January 13, 2020
Indian hotel startup Oyo is laying off thousands of employees across India and China, according to Bloomberg. The SoftBank-backed company has reportedly let go of 5% of its 12,000-person staff in China and 12% of its 10,000-person team in India, with more cuts planned.
https://pitchbook.com/newsletter/softbank-backed-oyo-cuts-st…
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OYO layoff: Full text of Ritesh Agarwal's letter to employees
8 min read . Updated: 14 Jan 2020, 02:59 PM IST
Anulekha Ray
https://www.livemint.com/companies/news/oyo-layoff-full-text…
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