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Las Vegas Sands Bull Case
All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65.
All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65. P.S. I know that I am no legend like u/DeepFuckingValue, but I like this stock!!
Good luck today guys, hope everyone makes some tendies
Edit 8:30PM Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.
Of note for Airlines (LUV, DAL, AAL, UAL), the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents. Of note for Banks (JPM, C, MS, BAC, GS), the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses. Of note for Car Rental Services (HTZ, CAR), both Hertz and Avis Budget Corp have requested aid from the US government.
Dow Jones
Apple Inc. (AAPL) supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys. Boeing Company (BA) is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP). Johnson & Johnson (JNJ) Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs. Walmart (WMT) announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases.
Nasdaq 100
Amazon.com Inc. (AMZN)– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon. Tesla (TSLA) announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage. United Continental Holdings (UAL) – Apollo Global Management (APO) has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter.
S&P 500
Accenture plc (ACN) had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis. AFLAC Inc (AFL) American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03. Altria Group Inc (MO) announced it is temporarily suspending operations at its Richmond manufacturing center. Anthem Inc. (ANTM) announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed. AT&T Inc. (T) announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results. Bank of America Corp (BAC) announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments. Carnival Corp. (CCL) preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr. Cintas Corporation (CTAS) Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus. Coty, Inc (COTY) provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus. Danaher Corp. (DHR) announced the US FTC is on board with the acquisition of General Electric’s (GE) Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020. Ford Motor (F) announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus. Kohl's Corp. (KSS) announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20. Mylan N.V. (MYL) announced it is increasing production of its malaria drug for potential use to combat the coronavirus. Occidental Petroleum (OXY) is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter. Sysco Corp. (SYY) announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus. Tiffany & Co. (TIF) Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH
Other
Crowdstrike (CRWD) Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln) Samsung (SSNLF) has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea Teva (TEVA) announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus.
Additional US Equity Stories
Of note for casino names (MGM, CZR, WYNN, MLCO); Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln. US Steel (X) Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln. Coca Cola (KO) does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating. Ross Stores (ROST) announced it is to temporarilty close all of its stores throughout the US due to the coronavirus. Dollar Tree (DLTR) announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US. Synaptics Inc. (SYNA) downgraded to Underweight from Neutral at JP Morgan Colgate Palmolive (CL) upgraded to Buy from Neutral at BofA Accenture (CAN) upgraded to Buy from Neutral at MoffettNathansonMonster Beverage
Today's Pre-Market Movers & News [Monday, January 27th, 2020]
Good morning traders and investors of the wallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market news this AM-
With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
Treasury yields move lower as coronavirus fears escalate (CNBC)
Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
International oil prices drop below $60 as China virus drives demand concern (Reuters)
More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.
D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.
Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.
Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.
Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.
Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.
Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.
AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).
Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.
Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.
Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.
Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.
Today's Pre-Market Movers & News [Monday, January 27th, 2020]
Good morning traders and investors of the smallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market news this AM-
With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
Treasury yields move lower as coronavirus fears escalate (CNBC)
Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
International oil prices drop below $60 as China virus drives demand concern (Reuters)
More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.
D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.
Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.
Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.
Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.
Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.
Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.
AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).
Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.
Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.
Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.
Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.
With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
Treasury yields move lower as coronavirus fears escalate (CNBC)
Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
International oil prices drop below $60 as China virus drives demand concern (Reuters)
More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.
D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.
Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.
Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.
Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.
Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.
Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.
AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).
Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.
Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.
Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.
Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.
My List Of True Crime Books That Are (Primarily) Not About Murder.
This is my third list for this sub. I hope you enjoy it. ART THIEVES, FORGERS, SMUGGLERS. The Art of the Steal by Christopher Mason. A true story about the auction houses Sotheby’s and Christie’s and how they conspired to cheat their clients out of millions of dollars. The Billionaire’s Vinegar: The Mystery of the World’s Most Expensive Bottle of Wine by Benjamin Wallace. The most expensive bottle of wine and the conflicting reports about its history. This is a book that would enchant wine conessi… conues… lovers. The Gardner Heist: The True Story of the World’s Largest Unsolved Art Theft by Ulrich Boser. Author Ulrich Boser looks at the unsolved art theft case of Boston’s Isabella Stewart Gardner Museum. The Golden Spruce: A True Story of Myth, Madness, and Greed by John Vaillant. Grant Hadwin, a logger-turned-activist, fells a unique 165 feet Sitka spruce in an act of protest. John Vaillant takes the readers into the heart of North America’s last great forest to find out why he did that. Hitler’s Art Thief: Hildebrand Gurlitt, the Nazis, and the Looting of Europe’s Treasures by Susan Ronald. Hildebrand Gurlitt was an art thief, or as he put it himself, an ‘official dealer’ for Hitler and Goebbels. But he stole from the Jews and Nazis alike. This book was published after his hoard was recently (2013) discovered which created an international furor. The Irish Game: A True Story of Crime and Art by Matthew Hart. This book is about the art theft at Ireland’s Russborough House in 1986. The suspect, a gangster named Martin Cahill, played cat and mouse with police for years. The Island of Lost Maps: A True Story of Cartographic Crime by Miles Harvey. When you think about stealing some valuable art, do maps come to your mind? Then this book is for you. Gilbert Joseph Bland Jr. stole numerous centuries-old maps from research libraries in US and Canada. I Was Vermeer: The Rise and Fall of the Twentieth Century’s Greatest Forger by Frank Wynne. Han van Meegeren became so much adapt at forging Vermeer paintings that it is said that even professional experts would find it difficult to point out his works from the originals. He earned more than $50 million by selling his forgeries – and he even swindled the Nazis. The Lizard King: The True Crimes and Passions of the World’s Greatest Reptile Smugglers by Bryan Christy. Reptile smuggling is a big “business”. The author, a federal agent, suspected a reptile business owner of being a major smuggler and he started investigating. It was not as simple as it sounds because at one point he was chased by a mother alligator and even bitten by a python. The Lost Chalice: The Epic Hunt for a Priceless Masterpiece by Vernon Silver. A 2500 year old cup made by the Greek master Euphronios which depicted the fall of Troy gets stolen and sold (along with 3 other such vessels). Then due to the questionable practice of some art dealers, no one can track down its last known owner. The Lost Painting by Jonathan Harr. With nothing better to do, the author embarks on a journey to discover a Caravaggio painting which was lost to time two hundred years ago. The Man Who Loved Books Too Much: The True Story of a Thief, a Detective, and a World of Literary Obsession by Allison Hoover Bartlett. John Charles Gilkey stole rare books not because he wanted to make profit as most thieves do, but because he loved books. I guess if you want to call yourself a book-reader but don’t actually want to say… read a book, you could just steal them and show them off to your friends. But who are we to question the wisdom of “booklovers”, right? The Orchid Thief: A True Story of Beauty and Obsession by Susan Orlean. If you thought that stealing maps is a weird “job” to have, how about stealing a rare breed of flower? We all know about the Tulipomania that gripped Netherlands in the 1630s. But this is a modern tale, and the book is perhaps one of the most popular ones on this list. Priceless: How I Went Undercover to Rescue the World’s Stolen Treasures by Robert K. Wittman, John Shiffman. This book is about Robert K. Wittman, FBI’s founder of the Art Crime Team and his undercover missions around the world to rescue various pieces of stolen art. Provenance: How a Con Man and a Forger Rewrote the History of Modern Art by Laney Salisbury. You could have a Jackson Pollock lying around in your basement, but if you can’t prove that the piece is real, you might as well use it as a table cloth (I might have exaggerated there a bit, but you get the point). John Myatt, a struggling artist, and John Drewe, a conman who knew the importance of Provenance in the art world, duped many people and museums by creating a fake paper trial that seemed to prove that the art was a real thing and not a forgery. So much so that the experts believe that there might still be some fake paintings created by Myatt displayed in prominent places as the real thing. The Rescue Artist: A True Story of Art, Thieves, and the Hunt for a Missing Masterpiece by Edward Dolnick. Dolnick writes about the theft of Edvard Munch’s The Scream from the National Gallery in Oslo in 1994 and the subsequent investigation that took place to track it down. Selling Hitler by Robert Harris In mid-eighties, Hitler’s diaries were “discovered” and many experts fell for the con. The backpeddling many did when it was revealed that the diaries were not real is really amusing to read about. Shell Games: Rogues, Smugglers, and the Hunt for Nature’s Bounty by Craig Welch. This book is about the poaching of a larger-than-life clam – a Geoduck, to be precise, and the subsequent chase from the wildlife police to nab the poacher. Stealing History: Tomb Raiders, Smugglers and the Looting of the Ancient World by Roger Atwood. This book provides a sweeping history of thefts of various priceless antiques. Stealing the Mystic Lamb: The True Story of the World’s Most Coveted Masterpiece by Noah Charney. The twelve panel oil-painting of the Mystic Lamb is the most frequently stolen artwork in the world. It was stolen 13 times. One wonders whether they could have guarded it a little better after the first couple of times, you know. Anyway, this book describes the events of each theft. Stolen World: A Tale of Reptiles, Smugglers, and Skulduggery by Jennie Erin Smith. Two reptile smugglers compete against each other to conquer the illegal trade for themselves. The funny thing is, the Zoos stood against them in the courts, but they had no problem buying rare fauna from the two smugglers, sometimes simultaneously. Tangled Vines: Greed, Murder, Obsession, and an Arsonist in the Vineyards of California by Frances Dinkelspiel. A massive fire destroyed wines worth $250 million in a California warehouse, making it the largest destruction of wine in history. It was done by a conman named Mark Anderson, who rented storage space at the same warehouse. This book tells why he did that and also goes into the surprisingly bloody history of wine trade in California. (reads well with cranberry juice). Vanished Smile: The Mysterious Theft of Mona Lisa by R. A. Scotti. On August 21, 1911, a man walked out of the Louvre with the Mona Lisa tucked inside his coat (should have painted it bigger, eh Vinci?). I am not going to spoil this book for anyone. Read it if you want to know whether Mona Lisa was recovered or was lost to time forever. CARTELS, GANGS, UNDERWORLD. American Desperado: My Life --- From Mafia Soldier to Cocaine Cowboy to Secret Government Asset by Jon Roberts, Evan Wright. Jon Roberts, who starred in documentary Cocaine Cowboys tells his story to the journalist Evan Wright in this book. Roberts smuggled drugs to Miami for the Medellin Cartel (which will feature many times in this category). At the Devil’s Table: The Untold Story of the Insider Who Brought Down the Cali Cartel by William C. Rempel. This is Narcos Season 3, basically. Remember the family guy who gets involved with the Cali Cartel and mops around for the whole season even though he had an unbelievably hot wife who was clearly out of his league? That character was based on Rempel. And if I must say so, the book is more compelling than that season of Narcos. Nothing can beat Agent Pena, though. Black Mass: The True Story of an Unholy Alliance Between the FBI and the Irish Mob by Dick Lehr, Gerard O’Neill. The story of James ‘Whitey’ Bulger – the head of the Irish Mob in Boston - who became an informant for the FBI and chaos ensued. Depp plays Whitey Bulger in the movie adaptation with a soggy tortilla glued to his face as make-up. Blow: How a Small -Town Bay Made $100 Million with the Medellin Cocaine Cartel and Lost it All by Bruce Porter. Another book where Johnny Depp plays the main character in the movie adaptation. This book is about George Jung, who after meeting Carlos Lehder, started selling cocaine in the United States through Medellin Cartel. Cocaine Diaries: A Venezuelan Prison Nightmare by Paul Keany, Jeff Farrell. Paul Keany was caught smuggling half-a-million euro worth of cocaine into Venezuela. He was sentenced to 8 years in prison. Now, prisons everywhere aren’t exactly fun places to be, but Los Teques where Keany was incarcerated was nothing short of hell on earth. Confessions of a Yakuza by Junichi Saga. Junichi Saga was a doctor by profession. A patient, who was a former Yakuza, recounted his life story before him. Saga recorded the conversations, and broke doctor-patient confidentiality by writing this book. Doctor Dealer: The Rise and Fall of an All-American Boy and His Multimillion-Dollar Cocaine Empire by Mark Bowden. A dentist named Larry Lavin builds the foundation for a cocaine empire in the United States. Donnie Brasco by Joseph D. Pistone, Richard Woodley. Joseph D. Pistone, an FBI agent, goes undercover for six years to infiltrate the Mafia. Do watch the movie too, it is Depp’s last movie without weird make-up. El Narco: Inside Mexico’s Criminal Insurgency by Ioan Grillo. Journalist Ioan Grillo has written, arguably, the definitive book on Mexican drug cartels. Why he is still alive is anybody’s guess. Gang Leader for a Day: A Rogue Sociologist Takes to the Streets by Sudhir Venkatesh. Venkatesh, who was a sociology grad student at the time, infiltrated one of Chicago’s most notorious gangs. This is one of a kind type of book. Gomorrah by Roberto Saviano. This book is about the Italian Crime Network called Camorra in Naples, Italy. Due to his intensive investigative journalism which exposed lot of insider information about the crime syndicate, author Saviano still has to live under constant police protection. The Good Mothers: The True Story of the Women Who Took on the World’s Most Powerful Mafia by Alex Perry. This is a recent book, where the author Alex Perry looks inside the ruthless Calabrian Mafia of Italy and three women who want to save their own and their children’s lives. This is a fascinating and courageous look into an aspect of the Mafia which is often overlooked by most. Hunting El Chapo: The Inside Story of the American Lawman Who Captured the World’s Most Wanted Drug-Lord by Andrew Hogan, Douglas Century. Remember when Joaquin Guzman was caught for the first time and then he escaped and then he was caught again for good? Yes? Then read this one. But this book only focuses on the operation that nabbed him for the first time. I must warn you though – the author, Andrew Hogan – is really really in love with himself and it seeps into his writing. The Infiltrator: My Secret Life Inside the Dirty Banks Behind Pablo Escobar’s Medellin Cartel by Robert Mazur. Mazur went undercover and actually became a money launderer for Pablo Escobar. This book is more about how bankers actively helped to launder the drug money and how Mazur helped to bring them down. Killing Pablo: The Hunt for the World’s Greatest Outlaw by Mark Bowden. This is the best book about tracking and eventually killing Pablo Escobar. And as Walter Jr. pointed out to Walter White, it focuses on the good guys, not the bad ones. Good companion book to Pablo Escobar: My Father written by Escobar’s son. Marching Powder: A True Story of Friendship, Cocaine, and South America’s Strangest Jail by Rusty Young. The author stays inside San Pedro jail for months with a drug smuggler to chronicle his tale. This is one of the most popular books written on cocaine smuggling. McMafia: A Journey Through the Global Criminal Underworld by Misha Glenny. This is a thorough investigation into organized crime worldwide which accounts for 1/5th of total GDP of the world. This book would please readers who are into extensively researched true-crime history books, not so much a casual reader (inb4 - I just read 5 pages of McMafia and wow… just wow). Mr. Blue: Memoirs of a Renegade by Edward Bunker. Edward Bunker had had an eventful life. Incarceration for two and a half decades, being on FBI’s most wanted list, and being a crime novelist. This is his autobiography. Mr. Nice by Howard Marks. Howard Marks started dealing dope in small quantities while he was studying at Oxford – as you do – and then eventually graduated to dealing it in tons (what the hell was he studying there? Oh, philosophy). This is his fascinating story. Narcoland: The Mexican Drug Lords and Their Godfathers by Anabel Hernandez. Yet another book that resulted in the author getting death threats. This proves the old cliché true that the pen is mightier than the sword; until the sword comes down and cuts your neck. That’s why the author has to live under constant protection. Narconomics: How to Run a Drug Cartel by Tom Wainwright. Any aspiring drug lords should read this instruction manual. Just kidding. Wainwright goes deep into the functioning of various drug cartels and at the end also comes up with a plan to defeat them. News of a Kidnapping by Gabriel Garcia Marquez. Little known author tries his hand at true-crime. Pablo Escobar kidnapped 10 journalists when he was on the run from the authorities. This book revolves around that event. The Night it Rained Guns: Unravelling the Purulia Arms Drop Conspiracy by Chandan Nandy. On a December night in 1995, someone airdropped three weapons-laden wooden pallets over Purulia, West Bengal. Who did it and why? This book tells the story about one of India’s greatest ever security breaches. No Angel: My Undercover Journey to the Inner Circle of the Hells Angels by Jay Dobyns, Nils Johnson-Shelton. Dobyns was the first federal agent to infiltrate the inner circle of the notorious biker gang. This is his story. Pablo Escobar: My Father by Juan Pablo Escobar. Juan Pablo is an architect and lives and practices his trade in Argentina. Even though Pablo was his father, Juan does not try to justify his actions even a little bit. This is one of the best books written on Pablo Escobar. The Snakehead: An Epic Tale of the Chinatown Underworld and the American Dream by Patrick Radden Keefe. Sister Ping, leader of the Chinese underworld in the US, earned $40 million a year smuggling people from China. Told from the viewpoints of gangsters, investigators, and poor immigrants alike, this book provides a unique window into the world of human smuggling. Scores: How I Opened the Hottest Strip Club in New York City, Was Extorted out of Millions by the Gambino Family, and Became One of the Most Successful Mafia Informants in FBI History by Michael D. Blutrich. I am disappointed that they went with FBI instead of Federal Bureau of Investigation in the title. Should have made it longer. Scores: How I Opened the Hottest Strip Club in New York City on the 34th Street Just Opposite the Starbucks, Was Extorted out of 4.54 Millions and 55 Cents Plus Taxes by the Gambino Family, and Became One of the Most Successful Mafia Informants in Federal Bureau of Investigation History by Michael Dostoyevsky Blutrich Tokyo Vice: An American Reporter on the Police Beat in Japan by Jake Adelstein. The author, working as a reporter in Japan, writes about the seedy underbelly of crime in the country. The Untouchables by Eliot Ness, Oscar Fraley. Where’s Nitty?He’s in the car. Great movie. How Eliot Ness and his team started the downward spiral in criminal career of Al Capone. A somewhat embellished account was also written in the book, but nonetheless, it is a gripping tale. Veerappan: Chasing the Brigand by K. Vijay Kumar. Koose Muniswamy Veerappan was the last big outlaw of India. A sandalwood smuggler who lived in the forest to evade the police, Veerappan killed hundreds of policemen and civilians. K. Vijay Kumar, the officer who led the task force that ultimately brought down the brigand, is the author of this book. Wiseguy: Life in a Mafia Family by Nicholas Pileggi. I’m funny how, I mean funny like I’m a clown, I amuse you?Goodfellas is perhaps the best Mafia movie ever made, so read it in his own words why Pileggi might fold under questioning. Zero Zero Zero by Roberto Saviano, Virginia Jewiss. This Saviano guy must have a death wish. But as a handsome list-writer once eloquently said, “If bitten already by a King Cobra, what difference it makes if you French kiss a Black Mamba?” Since the publication of his book on the Italian crime syndicate, Saviano has to live under constant police protection. So to make sure they don’t slack off, he wrote a book on Cocaine Cartel, this time acquiring lots of admirers in Latin America. CONMEN, IMPOSTORS. The Art of Making Money: The Story of a Master Counterfeiter by Jason Kersten. The Art of making money is to make other people work for you; not the other way round. But more scrupulous method of making money would be to counterfeit it. Art Williams did exactly that. Catch Me If You Can: The True Story of a Real Fake by Frank W. Abagnale. Maybe the most popular book on this list, Abagnale Jr.’s book is not to be missed even if you have watched the movie starring the actor who had sex with a bear (no, not Tormund). Charlatan: America’s Most Dangerous Huckster, the Man Who Pursued Him, and the Age of Flimflam by Pope Brock. One “Dr.” John R. Brinkley, set-up a medical practice to surgically insert goat glands in human testicles to restore their fading sex drive. I am not joking, this happened. Conman: A Master Swindler’s Own Story by J. R. Weil, W. T. Brannon. Known as “Yellow Kid” Weil was a master conman, who duped public of more than $8 million 100 years ago. He’s called by many as the greatest conman of all time (second to the companies that charge service fees on the internet, of course). Eyeing the Flash: The Making of a Carnival Con Artist by Peter Fenton. Fenton was a math student until he turned into a carnival con artist. How many bananas he stole from the monkeys? How many bales of potatoes from the elephants? Read this book to find out. Inconvenient People: Lunacy, Liberty and the Mad-Doctors in Victorian England by Sarah Wise. If you have any annoying friends who romanticize the Victorian era and say that they would have liked to live there, tell them to read this book and get back to you after that. The Man in the Rockefeller Suit: The Astonishing Rise and Spectacular Fall of a Serial Impostor by Mark Seal. This is the true story of one of the greatest impostors of all time. The man could have impersonated a chihuahua if he wanted to. The Man Who Sold the Eiffel Tower by James Francis Johnson. Viktor Lustig sold the Eiffel Tower not once, but twice. I still have the relevant papers that my great grandfather left us. I’m going to shift it to Nauru or Detroit. The Mark Inside: A Perfect Swindle, a Cunning Revenge, and a Small History of the Big Con by Amy Reading. This is a revenge story of a man who sets out to con the conmen who conned him twice. Unfortunately, the book could have been written better, but it is still worth having a look at. Playing Dead: A Journey Through the World of Death Fraud by Elizabeth Greenwood. I once tried playing dead in a meeting when asked about the progress on my project. But there are people who fake their death for lesser gains, such as insurance fraud and debt fraud. Author Elizabeth Greenwood journeys into the dark world of death fraud to find out more. Ponzi’s Scheme: The True Story of a Financial Legend by Mitchell Zuckoff. Charles Ponzi was so successful in duping people that we have immortalized his name by terming such swindles after him. At one point, he was raking in $2 millions a week. How many weeks would it take you to earn 2 million dollars at your current income? (sorry, that got heavy fast. It hurt me too). A Rum Affair: A True Story of Botanical Fraud by Karl Sabbagh. One botanist claimed that some species of plants on the islands south of Scotland survived the last Ice Age. Another botanist doubted him. This might not sound like a big fraud if you are not into plants, but believe me when I say that the 2 botanists who just read this threw their phones away in disgust and disbelief. Starvation Heights: A True Story of Murder and Malice in the Woods of the Pacific Northwest by Gregg Olsen. A quack doctor named Linda Hazard developed a technique called “fasting treatment”. The story focuses on two sisters who fell for the quack’s assurances that they would be cured of all the diseases - real or imagined. This book is quite infuriating to read. Hazard was a despicable human being. Swindled: From Poison Sweets to Counterfeit Coffee – The Dark History of the Food Cheats by Bee Wilson. Wilson looks from ancient Rome to current times for food frauds. And she finds them aplenty (companion read - while having a nice snack). A Treasury of Deception: Liars, Misleaders, Hoodwinkers, and the Extraordinary True Stories of History’s Greatest Hoaxes, Fakes and Frauds by Michael Farquhar. This is a good bathroom book about fakers through history. The Woman Who Wasn’t There: The True Story of an Incredible Deception by Robin Gaby Fisher, Angelo J. Guglielmo Jr. Have you heard about Tania Head? If you haven’t, I urge you to skip this book. Tania Head duped survivors of 9/11 and the whole world alike into believing that she was one of the survivors from the South Tower of World Trade Center. I feel enraged just by typing this. So just read this book if you want to know more about her. There are a couple of documentaries out there too. HACKERS. The Cuckoo’s Egg: Tracking a Spy Through the Maze of Computer Espionage by Clifford Stoll. Long before internet became a place for cat memes, Cliff Stoll was working at a research lab as a systems manager. One day he found 75 cents of accounting error. This made him alert that an unauthorized person was logging into the system. Thus began his lone effort of tracking down the spy. Exploding the Phone: The Untold Story of the Teenagers and Outlaws Who Hacked Ma Bell by Phil Lapsley. Before there was internet, or even personal computers, mobsters and teenagers hacked the telephone system. Ghost in the Wires: My Adventures as the World’s Most Wanted Hacker by Kevin D. Mitnick, William L. Simon. The book tells the story of one of the best hackers of all times, Kevin Mitnick, and his cat and mouse game with the FBI. The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History by David Enrich. A group of bankers manipulated daily interest rates just a fraction here and there on loans worth trillions of dollars and made some serious cash for themselves. This book also rocks one of the ugliest book covers of 2017. MUTINEERS, PIRATES, OUTLAWS. Batavia’s Graveyard: The True Story of the Mad Heretic Who Led History’s Bloodiest Mutiny by Mike Dash. I was torn whether to include this book in the list as the history of Batavia’s mutiny is littered with corpses. But as the focus is on the mutiny, I am going to keep it here. This event could give the Medusa’s raft a run for its money. The Floating Brothel: The Extraordinary True Story of an Eighteenth-Century Ship and its Cargo of Female Convicts by Sian Rees. Poor girls in England, most of who were petty thieves, were given a chance to sail to Botany Bay in Australia to create a new life for themselves and the male population of New South Wales. But the real story happened at the sea on board the ship Lady Julian. The Last Outlaws: The Lives and Legends of Butch Cassidy and the Sundance Kid by Thom Hatch. Butch: What happened to the old bank? It was beautiful.Guard: People kept robbing it.Butch: Small price to pay for beauty. The book might not be full of memorable dialogues as the movie, but if you want to know more about the legendary outlaws, give this book a chance. Lost Paradise: From Mutiny on the Bounty to a Modern-Day Legacy of Sexual Mayhem, the Dark Secrets of Pitcairn Island Revealed by Kathy Marks. Mutiny of the Bounty is perhaps the most infamous of mutinies that occurred at sea. Even after the event and hundreds of years later, the descendants of Fletcher Christian and his sailors continue to live a crime-filled life like their forefathers on Pitcairn Island. The Pirate Hunter: The True Story of Captain Kidd by Richard Zacks. This book will change your perception of Captain Kidd, that’s for sure. To Hell on a Fast Horse: Billy the Kid, Pat Garrett, and the Epic Chase to Justice in the Old West by Mark Lee Gardner. This non-fiction book concentrates on Sheriff Pat Garrett’s chase in pursuit of the bandit Billy the Kid. If you like reading westerns, this one and The Last Outlaws are not to be missed. Under the Black Flag: The Romance and the Reality of Life Among the Pirates by David Cordingly. Cordingly takes a look at life among the pirates. Some of your romanticism would be squashed, but there were some good things about being a pirate too. Life among the pirates was neither black nor white; it was beige. POLITICAL CRIMES Arms and the Dudes: How Three Stoners from Miami Beach Became the Most Unlikely Gunrunners in History by Guy Lawson. Three kids won a 300 million dollar contract – legitimately – I must add, to supply ammunition to the Afghanistan military. They had no money, but still they almost pulled it off. I don’t know, read this book, and if you’re a US citizen, visit the websites mentioned in the book, see if they are still doing business the same way, and if you want, you can become a supplier to the army too. Don’t forget to send me my cut (the movie War Dogs was trash). The Brother: The Untold Story of Atomic Spy David Greenglass and How He Sent His Sister, Ethel Rosenberg, to the Electric Chair by Sam Roberts. Even if you’re not a United Statian of American (USians?), chances are you might have read at least something about the execution of the Rosenberg couple as spies. This is probably the best book about the subject. Curveball: Spies, Lies, and the Man Behind Them: How America Went to War in Iraq by Bob Drogin. How many weapons of mass destruction were found in Iraq? If your answer is “what’s that?” then congratulations, you’re not unlike one of your former presidents. Who told the USians that there were WMDs with Saddam? Curveball. The Confessions of an Economic Hitman by John Perkins. Perkins was an economic hitman, who at the instruction of US intelligence agencies and giant corporations cajoled and blackmailed other country leaders to serve US foreign policy and award lucrative contracts to American businesses (now that job has been transferred to the White House). A Kim Jong – Il Production: The Extraordinary True Story of a Kidnapped Filmmaker, His Star Actress, and a Young Dictator’s Rise to Power by Paul Fischer. Say you want to make a big movie for your country. But there is no one in your country who can handle such an ambitious project. What do you do? Hire some talent from other country? But you’re Kim Jong – Il. Oh. Then you just kidnap them, and force them to make the glorious movie of yours. Read this book. It’s pretty absurd (the movie they eventually made for Kim was utter shit. The Room would look like Gone with the Wind compared to that abomination). The Nuclear Jihadist: The True Story of the Man Who Sold the World’s Most Dangerous Secrets… And How We Could Have Stopped Him by Douglas Frantz, Catherine Collins. One day a man Abdul Qadeer Khan caught a plane to Pakistan from Europe. With him he had blueprints of the mechanism that could prepare weapons grade Uranium that he had stolen from the lab he worked at in the last 3 years. He would make the first atomic bomb for Pakistan with that information. Then he sold the tech to stable countries like Iran, North Korea and Libya. How can someone get away with stealing such powerful information? Read this book to find out. Operation Paperclip: The Secret Intelligence Program that Brought Nazi Scientists to America by Annie Jacobsen. This is a pretty controversial topic that has only gained wider acknowledgement in recent decades. Read this book to know in detail how bogus the claims of justice being served to the perpetrators of the Holocaust were. Basically, if you were a scientist, you were very likely to be acquitted from any War Crimes allegations. The Real Odessa: How Peron Brought the Nazi War Criminals to Argentina by Uki Goni. How did most of the Nazis who managed to escape from Germany ended up in South America? Read about the collusion of various entities and institutions that made it possible in this book. The Spy Who Couldn’t Spell: A Dyslexic Traitor, an Unbreakable Code, and the FBI’s Hunt for America’s Stolen Secrets by Yudhijit Bhattacharjee. This is the true story of a mole in FBI, how he attempted to sell classified information and how FBI tried to track him down. ROBBERIES, HEISTS. Ballad of the Whiskey Robber: A True Story of Bank Heists, Ice Hockey, Transylvanian Pelt Smuggling, Moonlighting Detectives, and Broken Hearts by Julian Rubinstein. If there is one thief in this list that I admire, it is without a doubt, Attila Ambrus. Ambrus was known as a gentleman thief, who would ask – no, request - the teller to fill his bag with money. If you read this book, it would be hard for you to dislike Attila even though he was a thief. Confessions of a Master Jewel Thief by Bill Mason, Lee Gruenfeld. Bill Mason looted many famous personalities in his long career as a jewel thief. In this book he tells how he did it. The Feather Thief: Beauty, Obsession, and the Natural History Heist of the Century by Kirk W. Johnson. Do you know there are people whose hobby is fly tying? The feathery thing that you attach to the hook to catch fish? But these are not your average fly tiers. They use feathers from exotic birds to create different ties whose total cost could run in thousands of dollars. Moreover, many of the most coveted birds are either protected or extinct. So one night a man named Edwin Rist broke into Tring museum and took hundreds of bird skins, some that belonged to Darwin, to fuel his hobby and even getting rich by selling precious feathers to other tiers. Don’t miss this book. Finders Keepers: The Story of a Man Who Found $1 Million by Mark Bowden. Who hasn’t dreamt of finding a big bag of money? It couldn’t have happened to a more clueless person. Joey Coyle, to be exact. Flawless: Inside the Largest Diamond Heist in History by Scott Andrew Selby. The theft from Antwerp that still raises many questions. Go Down Together: The True, Untold Story of Bonnie and Clyde by Jeff Guinn. The truth is not that romantic. The Great Pearl Heist: London’s Greatest Thief and Scotland Yard’s Hunt for the World’s Most Valuable Necklace by Molly Caldwell Crosby. Pearls, more valuable than the Hope Diamond, are stolen by thieves in Edwardian London. The Great Train Robbery by Michael Crichton. My favorite Crichton book. Stealing gold from a running train! Watch the movie too that stars the great Sean Connery. Heist: The Oddball Crew Behind the $17 Million Loomis Fargo Theft by Jeff Diamant. How hard is it to steal 17 million dollars? As far as these thieves were concerned, not much. Getting away with it was another thing altogether. The movie was pretty average, I think. Into the Blast: The True Story of DB Cooper by Skipp Porteous, Robert Blevins. Is Tommy Wiseau DB Cooper? If only that was true. Read the book but don’t expect any clear-cut answers (I think most people would agree that the clumsy bastard died after he jumped from the plane). A Pickpocket’s Tale: The Underworld of Nineteenth-Century New York by Timothy J. Gilfoyle. True story of George Appo, a pickpocket living in nineteenth-century New York. Sex on the Moon: The Amazing Story Behind the Most Audacious Heist in History by Ben Mezrich. A guy steals moon rocks from NASA and then had sex on them with his girlfriend (how the hell is that comfortable?) The Stranger in the Woods: The Extraordinary Story of the Last True Hermit by Michael Finkel. The last hermit was not a hermit in true sense. He didn’t rely on land to feed himself. He stole from the nearby community. Before someone says I have spoiled the book for them, it is revealed in the first chapter that he is a thief. WHITE COLLAR CRIMES. Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou. The Steve Jobs impersonator, Elizabeth Holmes, CEO of Theranos, and her old boyfriend, Sunny, are some of the most vile people that I have come across while reading about corporate crime. This is one of the best books that I have read this year. Den of Thieves by James B. Stewart. This is probably the most famous book written about those Wall Street scoundrels. Empire of Deception: The Incredible Story of a Master Swindler Who Seduced a City and Captivated the Nation by Dean Jobb. The story of Leo Koretz, who created one of the longest running Ponzi schemes in the 1920s Chicago. The Informant by Kurt Eichenwald. Mark Whitacre becomes an FBI informant against his own corporation. But as time goes by, the FBI starts to realize that Mark is not as truthful as he seems to be, and he has his own agenda (they made a movie with Matt Damon). Octopus: Sam Israel, the Secret Market, and Wall Street’s Wildest Con by Guy Lawson. Sam Israel’s hedge fund was making heavy losses. So naturally, he fabricated fake returns to fool the investors. Then he heard about a secret market from where he could convert his millions into billions. That’s how he lost the last 150 million dollars of his invertors’ money. Red Notice: A True Story of High Finance, Murder, and One Man’s Fight for Justice by Bill Browder. Only thing you are going to learn from this book is don’t do business in Russia. The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean, Peter Elkind. Bethany McLean asked one simple question in her article when everyone else was going gaga over Enron. “What does Enron actually do?” Nobody knew. Even Enron couldn’t give a specific answer. They were not just committing accounting fraud; they were looting ordinary people by creating fake shortage of electricity and driving the prices high. The documentary is worth watching too. Stung: The Incredible Obsession of Brian Molony by Gary Stephen Ross. The guy Molony debited huge amounts of money from the bank he worked at to feed his gambling addiction. Oh, and he took the money in other people’s name who held huge accounts there. This is one of the best true-crime books that I have ever read. Three Cups of Deceit: How Greg Mortenson, Humanitarian Hero, Lost His Way by Jon Krakauer. You know the man who builds schools in remote regions of Afghanistan and Pakistan? Great guy, right? Krakauer doesn’t think so. And he’ll tell you why in this short book. The Wizard of Lies: Bernie Madoff and the Death of Trust by Diana B. Henriques. 65 billion dollars. That’s the amount that Madoff swindled from people through decades of fraud. I think I can buy a small island country with this much money. The idiot is in jail though. I don’t know, maybe after a couple of billion, skip to a country with no extradition treaty and live the rest of your life without the fear of being getting caught? But then, these types of people don’t know when to stop. OTHER. American Roulette: How I Turned the Odds Upside Down --- My Wild Twenty-Five-Year Ride Ripping Off World’s Casinos by Richard Marcus. The guy ripped-off casinos all over the world by stealing gaming chips while maintaining an illusion of a highroller to lend his eventual take required legitimacy. Breaking the Rock: The Great Escape from Alcatraz by Jolene Babyak. Written by the daughter of a guard at Alcatraz, this book tells the story of the infamous escape from the prison island. Don’t forget to watch the classic movie too. Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions by Ben Mezrich. The movie 21 was based on this book. But if you want to know the real story, without the whitewashing, you have no choice but to read this book. Disposable People: New Slavery in the Global Economy by Kevin Bales. Kevin Bales estimates that there are 27 million people worldwide who live as slaves, right now. And yes, slavery still exists in United States of America in case you were wondering. This is a depressing book. Fish: A Memoir of a Boy in a Man’s Prison by T. J. Parsell. Rape in prison is absolutely overlooked almost everywhere. Read this book if you can endure reading about helplessness page after page. Hotel K: The Shocking Inside Story of Bali’s Most Notorious Jail by Kathryn Bonella. Prison systems in developing world differ from the developed one in one regard that the guards and officials there are more corrupt and hence are likely to look the other way when something bad is going down amongst the inmates. Kerobokan Jail in Bali is one of the worst among those. The Hot House: Life Inside Leavenworth Prison by Pete Earley. The author interviewed inmates from Leavenworth Prison for two years. The book is the result of that labor. The Laundrymen: Inside the World’s Third Largest Business by Jeffrey Robinson. I have a perfect idea to launder money. Laser Tag! Robinson looks at the third largest business in the world. The book was published a while ago, but still hasn’t lost most of its relevancy. Missoula: Rape and the Justice System in a College Town by Jon Krakauer. Jon releases the Krakauer on one of the most relevant subjects of today. Rapes in colleges. These institutes would do anything to sweep things under the rug to maintain the illusion of clean image in the public eye. Newjack: Guarding Sing Sing by Ted Conover. The author worked as a prison guard for a year at one of the most notorious prisons of the United States. This book is about his experience.
With the coronavirus spreading, world stocks are tumbling and perceived safer investments are rising. U.S. stock futures are sliding early Monday following Wall Street’s worst day of 2020 on Friday. The Dow already has a four-day losing streak in place, its longest since August, and is coming off its largest weekly loss in five months. The S&P 500′s weekly decline last week was its largest in nearly four months. (CNBC)
Treasury yields move lower as coronavirus fears escalate (CNBC)
Gold climbs to 2-week high as virus fears spark safety buying (Reuters)
International oil prices drop below $60 as China virus drives demand concern (Reuters)
More than 2,800 people in China are now infected by the fast-spreading Wuhan coronavirus while more countries have reported their first confirmed cases. Chinese officials have said there are 2,862 confirmed cases, with the death toll rising to 81. On Sunday, the United States on Sunday reported its fifth confirmed case in Arizona. (CNBC)
Travel-related stocks are likely to be hit once again as coronavirus cases mount, including major airlines like United (UAL), Delta (DAL), American (AAL) and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL). Starbucks (SBUX) and McDonald’s have temporarily closed near the Chinese city of Wuhan.
On today’s U.S. economic calendar, the government will release its December report on new home sales at 10 a.m. ET. Arconic (ARNC), DR Horton (DH) and Sprint (S) are among the companies issuing quarterly earnings this morning, while Whirlpool (WHR), Juniper Networks (JNPR) and Rambus (RMBS) report after the bell.
Federal safety investigators launched a probe into a helicopter crash in the LA area that killed basketball legend Kobe Bryant and eight others, including his 13-year-old daughter, Gianna. The cause of the crash has not yet been determined. NBA athletes, officials and fans mourned Bryant’s death in messages and memorials across social media. (CNBC)
‘Terrible,’ ‘heartbreaking,’ ‘devastated’ — World leaders and athletes mourn the death of Kobe Bryant (CNBC)
Athletes pay tribute to Kobe Bryant. ‘He was like a little brother to me’ Michael Jordan says (CNBC)
A passenger plane crashed in central Afghanistan, senior Afghan officials said today. According to local media, the plane went down in territory under Taliban control. It was initially reported to be a jet from state-owned Ariana Afghan Airlines. However, the airline’s acting CEO has denied that one of their planes has crashed. (CNBC)
President Donald Trump is expected to disclose details of his long-delayed Mideast peace proposal to Israeli leaders today. Trump will hold separate, back-to-back meetings with Israeli Prime Minister Benjamin Netanyahu and Benny Gantz, head of the centrist Blue and White Party. Gantz is Netanyahu’s rival in March 2 elections. (Reuters)
Trump’s impeachment trial enters a pivotal week as his defense team resumes its case and senators face a critical vote on whether to hear witnesses or proceed directly to a vote that is widely expected to end in his acquittal. The articles of impeachment charge Trump with abuse of power and obstruction of Congress. (AP)
Democrats stepped up their calls for former national security advisor John Bolton to testify at the trial after an explosive report alleged that in his unpublished book, he said Trump personally tied Ukraine aid to an investigation of the Bidens, an account that conflicts with the president’s. (NBC News)
Trump denies telling Bolton Ukraine aid was tied to investigations (The Hill)
Sen. Bernie Sanders holds an edge in the 2020 New Hampshire Democratic primary as the key presidential nominating contest nears, according to an NBC News/Marist poll. The Vermont senator garners the support of 22% of likely Democratic primary voters in the Granite State, the survey found. Ex-Mayor Pete Buttigieg trails at 17%. (CNBC)
Sen. Elizabeth Warren seeks spark in final Iowa push after getting Des Moines Register endorsement (AP)
U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Google (GOOGL), Reuters reported. * The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic.
D.R. Horton (DHI) – The homebuilder earned $1.16 per share for its fiscal first quarter, beating the consensus estimate of 92 cents a share. Revenue also topped forecasts. New orders were up 19% on a volume basis and up 22% in value. The company also raised the upper end of its full-year home sales forecast.
Arconic (ARNC) – Arconic missed estimates by a penny a share, with adjusted quarterly earnings of 53 cents per share. Revenue came in shy of Wall Street predictions. The maker of engineered metals products saw a 1% improvement in organic revenue on factors like favorable pricing and raw materials costs, partially offset by some weakness in its automotive and commercial transportation markets. Arconic also said it would complete its planned split of its aerospace components and aluminum rolling businesses into two companies on April 1.
Travel-related stocks – These are likely to be hit once again as coronavirus cases mount – including major airlines like United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Southwest (LUV), and cruise line operators like Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), and Carnival Cruise Lines (CCL). Casino stocks like Wynn Resorts (WYNN) and Las Vegas Sands (LVS) are also being hit.
Starbucks (SBUX) – Starbucks has temporarily closed all its shots in China’s Hubei province and suspended delivery services, amid health concerns for customers and employees amid the spread of the coronavirus.
Estee Lauder (EL) – Oppenheimer downgraded the cosmetics maker to “perform” from “outperform.” The firm cited the stock’s premium valuation coupled with concerns about the coronavirus impact on a company that has seen China represent a key driver of recent growth.
Boeing (BA) – Boeing completed a successful maiden voyage of its 777-X jet over the weekend, a respite for the jet maker amid the ongoing grounding of its 737 Max jet.
AbbVie (ABBV) – AbbVie sold a number of assets to Nestle and AstraZeneca (AZN), as it seeks to win regulatory approval for its $63 billion acquisition of drugmaker Allergan (AGN).
Fiat Chrysler (FCAU) – Fiat Chrysler filed court motions Friday to dismiss a lawsuit filed by rival automaker General Motors (GM). Fiat Chrysler said GM does not have sufficient grounds to bring a racketeering case that alleges bribery of union officials.
Kraft Heinz (KHC) – Kraft Heinz CEO Miguel Patricio told The Wall Street Journal that he wants to food maker to make fewer but bigger bets on new products, as its older brands suffer a sales decline.
Alphabet (GOOGL) – State attorneys general will meet with Justice Department officials to share investigative material involving Google, according to The Wall Street Journal.
Winnebago Industries (WGO) – The RV maker was rated “overweight” in new coverage at KeyBanc, which sees recreational vehicle shipments stronger than consensus for 2020 and is also optimistic about the increasing benefits of Winnebago’s 2016 acquisition of towable vehicle maker Grand Design.
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
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I hope you all have an excellent trading day ahead today on this Monday, January 27th, 2020! :)
My List Of True Crime Books That Are (Primarily) Not About Murder.
Cross-posting my list from books. ART THIEVES, FORGERS, SMUGGLERS. The Art of the Steal by Christopher Mason. A true story about the auction houses Sotheby’s and Christie’s and how they conspired to cheat their clients out of millions of dollars. The Billionaire’s Vinegar: The Mystery of the World’s Most Expensive Bottle of Wine by Benjamin Wallace. The most expensive bottle of wine and the conflicting reports about its history. This is a book that would enchant wine conessi… conues… lovers. The Gardner Heist: The True Story of the World’s Largest Unsolved Art Theft by Ulrich Boser. Author Ulrich Boser looks at the unsolved art theft case of Boston’s Isabella Stewart Gardner Museum. The Golden Spruce: A True Story of Myth, Madness, and Greed by John Vaillant. Grant Hadwin, a logger-turned-activist, fells a unique 165 feet Sitka spruce in an act of protest. John Vaillant takes the readers into the heart of North America’s last great forest to find out why he did that. Hitler’s Art Thief: Hildebrand Gurlitt, the Nazis, and the Looting of Europe’s Treasures by Susan Ronald. Hildebrand Gurlitt was an art thief, or as he put it himself, an ‘official dealer’ for Hitler and Goebbels. But he stole from the Jews and Nazis alike. This book was published after his hoard was recently (2013) discovered which created an international furor. The Irish Game: A True Story of Crime and Art by Matthew Hart. This book is about the art theft at Ireland’s Russborough House in 1986. The suspect, a gangster named Martin Cahill, played cat and mouse with police for years. The Island of Lost Maps: A True Story of Cartographic Crime by Miles Harvey. When you think about stealing some valuable art, do maps come to your mind? Then this book is for you. Gilbert Joseph Bland Jr. stole numerous centuries-old maps from research libraries in US and Canada. I Was Vermeer: The Rise and Fall of the Twentieth Century’s Greatest Forger by Frank Wynne. Han van Meegeren became so much adapt at forging Vermeer paintings that it is said that even professional experts would find it difficult to point out his works from the originals. He earned more than $50 million by selling his forgeries – and he even swindled the Nazis. The Lizard King: The True Crimes and Passions of the World’s Greatest Reptile Smugglers by Bryan Christy. Reptile smuggling is a big “business”. The author, a federal agent, suspected a reptile business owner of being a major smuggler and he started investigating. It was not as simple as it sounds because at one point he was chased by a mother alligator and even bitten by a python. The Lost Chalice: The Epic Hunt for a Priceless Masterpiece by Vernon Silver. A 2500 year old cup made by the Greek master Euphronios which depicted the fall of Troy gets stolen and sold (along with 3 other such vessels). Then due to the questionable practice of some art dealers, no one can track down its last known owner. The Lost Painting by Jonathan Harr. With nothing better to do, the author embarks on a journey to discover a Caravaggio painting which was lost to time two hundred years ago. The Man Who Loved Books Too Much: The True Story of a Thief, a Detective, and a World of Literary Obsession by Allison Hoover Bartlett. John Charles Gilkey stole rare books not because he wanted to make profit as most thieves do, but because he loved books. I guess if you want to call yourself a book-reader but don’t actually want to say… read a book, you could just steal them and show them off to your friends. But who are we to question the wisdom of “booklovers”, right? The Orchid Thief: A True Story of Beauty and Obsession by Susan Orlean. If you thought that stealing maps is a weird “job” to have, how about stealing a rare breed of flower? We all know about the Tulipomania that gripped Netherlands in the 1630s. But this is a modern tale, and the book is perhaps one of the most popular ones on this list. Priceless: How I Went Undercover to Rescue the World’s Stolen Treasures by Robert K. Wittman, John Shiffman. This book is about Robert K. Wittman, FBI’s founder of the Art Crime Team and his undercover missions around the world to rescue various pieces of stolen art. Provenance: How a Con Man and a Forger Rewrote the History of Modern Art by Laney Salisbury. You could have a Jackson Pollock lying around in your basement, but if you can’t prove that the piece is real, you might as well use it as a table cloth (I might have exaggerated there a bit, but you get the point). John Myatt, a struggling artist, and John Drewe, a conman who knew the importance of Provenance in the art world, duped many people and museums by creating a fake paper trial that seemed to prove that the art was a real thing and not a forgery. So much so that the experts believe that there might still be some fake paintings created by Myatt displayed in prominent places as the real thing. The Rescue Artist: A True Story of Art, Thieves, and the Hunt for a Missing Masterpiece by Edward Dolnick. Dolnick writes about the theft of Edvard Munch’s The Scream from the National Gallery in Oslo in 1994 and the subsequent investigation that took place to track it down. Selling Hitler by Robert Harris In mid-eighties, Hitler’s diaries were “discovered” and many experts fell for the con. The backpeddling many did when it was revealed that the diaries were not real is really amusing to read about. Shell Games: Rogues, Smugglers, and the Hunt for Nature’s Bounty by Craig Welch. This book is about the poaching of a larger-than-life clam – a Geoduck, to be precise, and the subsequent chase from the wildlife police to nab the poacher. Stealing History: Tomb Raiders, Smugglers and the Looting of the Ancient World by Roger Atwood. This book provides a sweeping history of thefts of various priceless antiques. Stealing the Mystic Lamb: The True Story of the World’s Most Coveted Masterpiece by Noah Charney. The twelve panel oil-painting of the Mystic Lamb is the most frequently stolen artwork in the world. It was stolen 13 times. One wonders whether they could have guarded it a little better after the first couple of times, you know. Anyway, this book describes the events of each theft. Stolen World: A Tale of Reptiles, Smugglers, and Skulduggery by Jennie Erin Smith. Two reptile smugglers compete against each other to conquer the illegal trade for themselves. The funny thing is, the Zoos stood against them in the courts, but they had no problem buying rare fauna from the two smugglers, sometimes simultaneously. Tangled Vines: Greed, Murder, Obsession, and an Arsonist in the Vineyards of California by Frances Dinkelspiel. A massive fire destroyed wines worth $250 million in a California warehouse, making it the largest destruction of wine in history. It was done by a conman named Mark Anderson, who rented storage space at the same warehouse. This book tells why he did that and also goes into the surprisingly bloody history of wine trade in California. (reads well with cranberry juice). Vanished Smile: The Mysterious Theft of Mona Lisa by R. A. Scotti. On August 21, 1911, a man walked out of the Louvre with the Mona Lisa tucked inside his coat (should have painted it bigger, eh Vinci?). I am not going to spoil this book for anyone. Read it if you want to know whether Mona Lisa was recovered or was lost to time forever. CARTELS, GANGS, UNDERWORLD. American Desperado: My Life --- From Mafia Soldier to Cocaine Cowboy to Secret Government Asset by Jon Roberts, Evan Wright. Jon Roberts, who starred in documentary Cocaine Cowboys tells his story to the journalist Evan Wright in this book. Roberts smuggled drugs to Miami for the Medellin Cartel (which will feature many times in this category). At the Devil’s Table: The Untold Story of the Insider Who Brought Down the Cali Cartel by William C. Rempel. This is Narcos Season 3, basically. Remember the family guy who gets involved with the Cali Cartel and mops around for the whole season even though he had an unbelievably hot wife who was clearly out of his league? That character was based on Rempel. And if I must say so, the book is more compelling than that season of Narcos. Nothing can beat Agent Pena, though. Black Mass: The True Story of an Unholy Alliance Between the FBI and the Irish Mob by Dick Lehr, Gerard O’Neill. The story of James ‘Whitey’ Bulger – the head of the Irish Mob in Boston - who became an informant for the FBI and chaos ensued. Depp plays Whitey Bulger in the movie adaptation with a soggy tortilla glued to his face as make-up. Blow: How a Small -Town Bay Made $100 Million with the Medellin Cocaine Cartel and Lost it All by Bruce Porter. Another book where Johnny Depp plays the main character in the movie adaptation. This book is about George Jung, who after meeting Carlos Lehder, started selling cocaine in the United States through Medellin Cartel. Cocaine Diaries: A Venezuelan Prison Nightmare by Paul Keany, Jeff Farrell. Paul Keany was caught smuggling half-a-million euro worth of cocaine into Venezuela. He was sentenced to 8 years in prison. Now, prisons everywhere aren’t exactly fun places to be, but Los Teques where Keany was incarcerated was nothing short of hell on earth. Confessions of a Yakuza by Junichi Saga. Junichi Saga was a doctor by profession. A patient, who was a former Yakuza, recounted his life story before him. Saga recorded the conversations, and broke doctor-patient confidentiality by writing this book. Doctor Dealer: The Rise and Fall of an All-American Boy and His Multimillion-Dollar Cocaine Empire by Mark Bowden. A dentist named Larry Lavin builds the foundation for a cocaine empire in the United States. Donnie Brasco by Joseph D. Pistone, Richard Woodley. Joseph D. Pistone, an FBI agent, goes undercover for six years to infiltrate the Mafia. Do watch the movie too, it is Depp’s last movie without weird make-up. El Narco: Inside Mexico’s Criminal Insurgency by Ioan Grillo. Journalist Ioan Grillo has written, arguably, the definitive book on Mexican drug cartels. Why he is still alive is anybody’s guess. Gang Leader for a Day: A Rouge Sociologist Takes to the Streets by Sudhir Venkatesh. Venkatesh, who was a sociology grad student at the time, infiltrated one of Chicago’s most notorious gangs. This is one of a kind type of book. Gomorrah by Roberto Saviano. This book is about the Italian Crime Network called Camorra in Naples, Italy. Due to his intensive investigative journalism which exposed lot of insider information about the crime syndicate, author Saviano still has to live under constant police protection. The Good Mothers: The True Story of the Women Who Took on the World’s Most Powerful Mafia by Alex Perry. This is a recent book, where the author Alex Perry looks inside the ruthless Calabrian Mafia of Italy and three women who want to save their own and their children’s lives. This is a fascinating and courageous look into an aspect of the Mafia which is often overlooked by most. Hunting El Chapo: The Inside Story of the American Lawman Who Captured the World’s Most Wanted Drug-Lord by Andrew Hogan, Douglas Century. Remember when Joaquin Guzman was caught for the first time and then he escaped and then he was caught again for good? Yes? Then read this one. But this book only focuses on the operation that nabbed him for the first time. I must warn you though – the author, Andrew Hogan – is really really in love with himself and it seeps into his writing. The Infiltrator: My Secret Life Inside the Dirty Banks Behind Pablo Escobar’s Medellin Cartel by Robert Mazur. Mazur went undercover and actually became a money launderer for Pablo Escobar. This book is more about how bankers actively helped to launder the drug money and how Mazur helped to bring them down. Killing Pablo: The Hunt for the World’s Greatest Outlaw by Mark Bowden. This is the best book about tracking and eventually killing Pablo Escobar. And as Walter Jr. pointed out to Walter White, it focuses on the good guys, not the bad ones. Good companion book to Pablo Escobar: My Father written by Escobar’s son. Marching Powder: A True Story of Friendship, Cocaine, and South America’s Strangest Jail by Rusty Young. The author stays inside San Pedro jail for months with a drug smuggler to chronicle his tale. This is one of the most popular books written on cocaine smuggling. McMafia: A Journey Through the Global Criminal Underworld by Misha Glenny. This is a thorough investigation into organized crime worldwide which accounts for 1/5th of total GDP of the world. This book would please readers who are into extensively researched true-crime history books, not so much a casual reader (inb4 - I just read 5 pages of McMafia and wow… just wow). Mr. Blue: Memoirs of a Renegade by Edward Bunker. Edward Bunker had had an eventful life. Incarceration for two and a half decades, being on FBI’s most wanted list, and being a crime novelist. This is his autobiography. Mr. Nice by Howard Marks. Howard Marks started dealing dope in small quantities while he was studying at Oxford – as you do – and then eventually graduated to dealing it in tons (what the hell was he studying there? Oh, philosophy). This is his fascinating story. Narcoland: The Mexican Drug Lords and Their Godfathers by Anabel Hernandez. Yet another book that resulted in the author getting death threats. This proves the old cliché true that the pen is mightier than the sword; until the sword comes down and cuts your neck. That’s why the author has to live under constant protection. Narconomics: How to Run a Drug Cartel by Tom Wainwright. Any aspiring drug lords should read this instruction manual. Just kidding. Wainwright goes deep into the functioning of various drug cartels and at the end also comes up with a plan to defeat them. News of a Kidnapping by Gabriel Garcia Marquez. Little known author tries his hand at true-crime. Pablo Escobar kidnapped 10 journalists when he was on the run from the authorities. This book revolves around that event. The Night it Rained Guns: Unravelling the Purulia Arms Drop Conspiracy by Chandan Nandy. On a December night in 1995, someone airdropped three weapons-laden wooden pallets over Purulia, West Bengal. Who did it and why? This book tells the story about one of India’s greatest ever security breaches. No Angel: My Undercover Journey to the Inner Circle of the Hells Angels by Jay Dobyns, Nils Johnson-Shelton. Dobyns was the first federal agent to infiltrate the inner circle of the notorious biker gang. This is his story. Pablo Escobar: My Father by Juan Pablo Escobar. Juan Pablo is an architect and lives and practices his trade in Argentina. Even though Pablo was his father, Juan does not try to justify his actions even a little bit. This is one of the best books written on Pablo Escobar. The Snakehead: An Epic Tale of the Chinatown Underworld and the American Dream by Patrick Radden Keefe. Sister Ping, leader of the Chinese underworld in the US, earned $40 million a year smuggling people from China. Told from the viewpoints of gangsters, investigators, and poor immigrants alike, this book provides a unique window into the world of human smuggling. Scores: How I Opened the Hottest Strip Club in New York City, Was Extorted out of Millions by the Gambino Family, and Became One of the Most Successful Mafia Informants in FBI History by Michael D. Blutrich. I am disappointed that they went with FBI instead of Federal Bureau of Investigation in the title. Should have made it longer. Scores: How I Opened the Hottest Strip Club in New York City on the 34th Street Just Opposite the Starbucks, Was Extorted out of 4.54 Millions and 55 Cents Plus Taxes by the Gambino Family, and Became One of the Most Successful Mafia Informants in Federal Bureau of Investigation History by Michael Dostoyevsky Blutrich Tokyo Vice: An American Reporter on the Police Beat in Japan by Jake Adelstein. The author, working as a reporter in Japan, writes about the seedy underbelly of crime in the country. The Untouchables by Eliot Ness, Oscar Fraley. Where’s Nitty?He’s in the car.” Great movie. How Eliot Ness and his team started the downward spiral in criminal career of Al Capone. A somewhat embellished account was also written in the book, but nonetheless, it is a gripping tale. Veerappan: Chasing the Brigand by K. Vijay Kumar. Koose Muniswamy Veerappan was the last big outlaw of India. A sandalwood smuggler who lived in the forest to evade the police, Veerappan killed hundreds of policemen and civilians. K. Vijay Kumar, the officer who led the task force that ultimately brought down the brigand, is the author of this book. Wiseguy: Life in a Mafia Family by Nicholas Pileggi. ” I’m funny how, I mean funny like I’m a clown, I amuse you?Goodfellas is perhaps the best Mafia movie ever made, so read it in his own words why Pileggi might fold under questioning. Zero Zero Zero by Roberto Saviano, Virginia Jewiss. This Saviano guy must have a death wish. But as a handsome list-writer once eloquently said, “If bitten already by a King Cobra, what difference it makes if you French kiss a Black Mamba?” Since the publication of his book on the Italian crime syndicate, Saviano has to live under constant police protection. So to make sure they don’t slack off, he wrote a book on Cocaine Cartel, this time acquiring lots of admirers in Latin America. CONMEN, IMPOSTORS. The Art of Making Money: The Story of a Master Counterfeiter by Jason Kersten. The Art of making money is to make other people work for you; not the other way round. But more scrupulous method of making money would be to counterfeit it. Art Williams did exactly that. Catch Me If You Can: The True Story of a Real Fake by Frank W. Abagnale. Maybe the most popular book on this list, Abagnale Jr.’s book is not to be missed even if you have watched the movie starring the actor who had sex with a bear (no, not Tormund). Charlatan: America’s Most Dangerous Huckster, the Man Who Pursued Him, and the Age of Flimflam by Pope Brock. One “Dr.” John R. Brinkley, set-up a medical practice to surgically insert goat glands in human testicles to restore their fading sex drive. I am not joking, this happened. Conman: A Master Swindler’s Own Story by J. R. Weil, W. T. Brannon. Known as “Yellow Kid” Weil was a master conman, who duped public of more than $8 million 100 years ago. He’s called by many as the greatest conman of all time (second to the companies that charge service fees on the internet, of course). Eyeing the Flash: The Making of a Carnival Con Artist by Peter Fenton. Fenton was a math student until he turned into a carnival con artist. How many bananas he stole from the monkeys? How many bales of potatoes from the elephants? Read this book to find out. Inconvenient People: Lunacy, Liberty and the Mad-Doctors in Victorian England by Sarah Wise. If you have any annoying friends who romanticize the Victorian era and say that they would have liked to live there, tell them to read this book and get back to you after that. The Man in the Rockefeller Suit: The Astonishing Rise and Spectacular Fall of a Serial Impostor by Mark Seal. This is the true story of one of the greatest impostors of all time. The man could have impersonated a chihuahua if he wanted to. The Man Who Sold the Eiffel Tower by James Francis Johnson. Viktor Lustig sold the Eiffel Tower not once, but twice. I still have the relevant papers that my great grandfather left us. I’m going to shift it to Nauru or Detroit. The Mark Inside: A Perfect Swindle, a Cunning Revenge, and a Small History of the Big Con by Amy Reading. This is a revenge story of a man who sets out to con the conmen who conned him twice. Unfortunately, the book could have been written better, but it is still worth having a look at. Playing Dead: A Journey Through the World of Death Fraud by Elizabeth Greenwood. I once tried playing dead in a meeting when asked about the progress on my project. But there are people who fake their death for lesser gains, such as insurance fraud and debt fraud. Author Elizabeth Greenwood journeys into the dark world of death fraud to find out more. Ponzi’s Scheme: The True Story of a Financial Legend by Mitchell Zuckoff. Charles Ponzi was so successful in duping people that we have immortalized his name by terming such swindles after him. At one point, he was raking in $2 millions a week. How many weeks would it take you to earn 2 million dollars at your current income? (sorry, that got heavy fast. It hurt me too). A Rum Affair: A True Story of Botanical Fraud by Karl Sabbagh. One botanist claimed that some species of plants on the islands south of Scotland survived the last Ice Age. Another botanist doubted him. This might not sound like a big fraud if you are not into plants, but believe me when I say that the 2 botanists who just read this threw their phones away in disgust and disbelief. Starvation Heights: A True Story of Murder and Malice in the Woods of the Pacific Northwest by Gregg Olsen. A quack doctor named Linda Hazard developed a technique called “fasting treatment”. The story focuses on two sisters who fell for the quack’s assurances that they would be cured of all the diseases - real or imagined. This book is quite infuriating to read. Hazard was a despicable human being. Swindled: From Poison Sweets to Counterfeit Coffee – The Dark History of the Food Cheats by Bee Wilson. Wilson looks from ancient Rome to current times for food frauds. And she finds them aplenty (companion read - while having a nice snack). A Treasury of Deception: Liars, Misleaders, Hoodwinkers, and the Extraordinary True Stories of History’s Greatest Hoaxes, Fakes and Frauds by Michael Farquhar. This is a good bathroom book about fakers through history. The Woman Who Wasn’t There: The True Story of an Incredible Deception by Robin Gaby Fisher, Angelo J. Guglielmo Jr. Have you heard about Tania Head? If you haven’t, I urge you to skip this book. Tania Head duped survivors of 9/11 and the whole world alike into believing that she was one of the survivors from the South Tower of World Trade Center. I feel enraged just by typing this. So just read this book if you want to know more about her. There are a couple of documentaries out there too. HACKERS. The Cuckoo’s Egg: Tracking a Spy Through the Maze of Computer Espionage by Clifford Stoll. Long before internet became a place for cat memes, Cliff Stoll was working at a research lab as a systems manager. One day he found 75 cents of accounting error. This made him alert that an unauthorized person was logging into the system. Thus began his lone effort of tracking down the spy. Exploding the Phone: The Untold Story of the Teenagers and Outlaws Who Hacked Ma Bell by Phil Lapsley. Before there was internet, or even personal computers, mobsters and teenagers hacked the telephone system. Ghost in the Wires: My Adventures as the World’s Most Wanted Hacker by Kevin D. Mitnick, William L. Simon. The book tells the story of one of the best hackers of all times, Kevin Mitnick, and his cat and mouse game with the FBI. The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History by David Enrich. A group of bankers manipulated daily interest rates just a fraction here and there on loans worth trillions of dollars and made some serious cash for themselves. This book also rocks one of the ugliest book covers of 2017. MUTINEERS, PIRATES, OUTLAWS. Batavia’s Graveyard: The True Story of the Mad Heretic Who Led History’s Bloodiest Mutiny by Mike Dash. I was torn whether to include this book in the list as the history of Batavia’s mutiny is littered with corpses. But as the focus is on the mutiny, I am going to keep it here. This event could give the Medusa’s raft a run for its money. The Floating Brothel: The Extraordinary True Story of an Eighteenth-Century Ship and its Cargo of Female Convicts by Sian Rees. Poor girls in England, most of who were petty thieves, were given a chance to sail to Botany Bay in Australia to create a new life for themselves and the male population of New South Wales. But the real story happened at the sea on board the ship Lady Julian. The Last Outlaws: The Lives and Legends of Butch Cassidy and the Sundance Kid by Thom Hatch. Butch: What happened to the old bank? It was beautiful.Guard: People kept robbing it.Butch: Small price to pay for beauty. The book might not be full of memorable dialogues as the movie, but if you want to know more about the legendary outlaws, give this book a chance. Lost Paradise: From Mutiny on the Bounty to a Modern-Day Legacy of Sexual Mayhem, the Dark Secrets of Pitcairn Island Revealed by Kathy Marks. Mutiny of the Bounty is perhaps the most infamous of mutinies that occurred at sea. Even after the event and hundreds of years later, the descendants of Fletcher Christian and his sailors continue to live a crime-filled life like their forefathers on Pitcairn Island. The Pirate Hunter: The True Story of Captain Kidd by Richard Zacks. This book will change your perception of Captain Kidd, that’s for sure. To Hell on a Fast Horse: Billy the Kid, Pat Garrett, and the Epic Chase to Justice in the Old West by Mark Lee Gardner. This non-fiction book concentrates on Sheriff Pat Garrett’s chase in pursuit of the bandit Billy the Kid. If you like reading westerns, this one and The Last Outlaws are not to be missed. Under the Black Flag: The Romance and the Reality of Life Among the Pirates by David Cordingly. Cordingly takes a look at life among the pirates. Some of your romanticism would be squashed, but there were some good things about being a pirate too. Life among the pirates was neither black nor white; it was beige. POLITICAL CRIMES Arms and the Dudes: How Three Stoners from Miami Beach Became the Most Unlikely Gunrunners in History by Guy Lawson. Three kids won a 300 million dollar contract – legitimately – I must add, to supply ammunition to the Afghanistan military. They had no money, but still they almost pulled it off. I don’t know, read this book, and if you’re a US citizen, visit the websites mentioned in the book, see if they are still doing business the same way, and if you want, you can become a supplier to the army too. Don’t forget to send me my cut (the movie War Dogs was trash). The Brother: The Untold Story of Atomic Spy David Greenglass and How He Sent His Sister, Ethel Rosenberg, to the Electric Chair by Sam Roberts. Even if you’re not a United Statian of American (USians?), chances are you might have read at least something about the execution of the Rosenberg couple as spies. This is probably the best book about the subject. Curveball: Spies, Lies, and the Man Behind Them: How America Went to War in Iraq by Bob Drogin. How many weapons of mass destruction were found in Iraq? If your answer is “what’s that?” then congratulations, you’re not unlike one of your former presidents. Who told the USians that there were WMDs with Saddam? Curveball. The Confessions of an Economic Hitman by John Perkins. Perkins was an economic hitman, who at the instruction of US intelligence agencies and giant corporations cajoled and blackmailed other country leaders to serve US foreign policy and award lucrative contracts to American businesses (now that job has been transferred to the White House). A Kim Jong – Il Production: The Extraordinary True Story of a Kidnapped Filmmaker, His Star Actress, and a Young Dictator’s Rise to Power by Paul Fischer. Say you want to make a big movie for your country. But there is no one in your country who can handle such an ambitious project. What do you do? Hire some talent from other country? But you’re Kim Jong – Il. Oh. Then you just kidnap them, and force them to make the glorious movie of yours. Read this book. It’s pretty absurd (the movie they eventually made for Kim was utter shit. The Room would look like Gone with the Wind compared to that abomination). The Nuclear Jihadist: The True Story of the Man Who Sold the World’s Most Dangerous Secrets… And How We Could Have Stopped Him by Douglas Frantz, Catherine Collins. One day a man Abdul Qadeer Khan caught a plane to Pakistan from Europe. With him he had blueprints of the mechanism that could prepare weapons grade Uranium that he had stolen from the lab he worked at in the last 3 years. He would make the first atomic bomb for Pakistan with that information. Then he sold the tech to stable countries like Iran, North Korea and Libya. How can someone get away with stealing such powerful information? Read this book to find out. Operation Paperclip: The Secret Intelligence Program that Brought Nazi Scientists to America by Annie Jacobsen. This is a pretty controversial topic that has only gained wider acknowledgement in recent decades. Read this book to know in detail how bogus the claims of justice being served to the perpetrators of the Holocaust were. Basically, if you were a scientist, you were very likely to be acquitted from any War Crimes allegations. The Real Odessa: How Peron Brought the Nazi War Criminals to Argentina by Uki Goni. How did most of the Nazis who managed to escape from Germany ended up in South America? Read about the collusion of various entities and institutions that made it possible in this book. The Spy Who Couldn’t Spell: A Dyslexic Traitor, an Unbreakable Code, and the FBI’s Hunt for America’s Stolen Secrets by Yudhijit Bhattacharjee. This is the true story of a mole in FBI, how he attempted to sell classified information and how FBI tried to track him down. ROBBERIES, HEISTS. Ballad of the Whiskey Robber: A True Story of Bank Heists, Ice Hockey, Transylvanian Pelt Smuggling, Moonlighting Detectives, and Broken Hearts by Julian Rubinstein. If there is one thief in this list that I admire, it is without a doubt, Attila Ambrus. Ambrus was known as a gentleman thief, who would ask – no, request - the teller to fill his bag with money. If you read this book, it would be hard for you to dislike Attila even though he was a thief. Confessions of a Master Jewel Thief by Bill Mason, Lee Gruenfeld. Bill Mason looted many famous personalities in his long career as a jewel thief. In this book he tells how he did it. The Feather Thief: Beauty, Obsession, and the Natural History Heist of the Century by Kirk W. Johnson. Do you know there are people whose hobby is fly tying? The feathery thing that you attach to the hook to catch fish? But these are not your average fly tiers. They use feathers from exotic birds to create different ties whose total cost could run in thousands of dollars. Moreover, many of the most coveted birds are either protected or extinct. So one night a man named Edwin Rist broke into Tring museum and took hundreds of bird skins, some that belonged to Darwin, to fuel his hobby and even getting rich by selling precious feathers to other tiers. Don’t miss this book. Finders Keepers: The Story of a Man Who Found $1 Million by Mark Bowden. Who hasn’t dreamt of finding a big bag of money? It couldn’t have happened to a more clueless person. Joey Coyle, to be exact. Flawless: Inside the Largest Diamond Heist in History by Scott Andrew Selby. The theft from Antwerp that still raises many questions. Go Down Together: The True, Untold Story of Bonnie and Clyde by Jeff Guinn. The truth is not that romantic. The Great Pearl Heist: London’s Greatest Thief and Scotland Yard’s Hunt for the World’s Most Valuable Necklace by Molly Caldwell Crosby. Pearls, more valuable than the Hope Diamond, are stolen by thieves in Edwardian London. The Great Train Robbery by Michael Crichton. My favorite Crichton book. Stealing gold from a running train! Watch the movie too that stars the great Sean Connery. Heist: The Oddball Crew Behind the $17 Million Loomis Fargo Theft by Jeff Diamant. How easy is it to steal 17 million dollars? As far as these thieves were concerned, not much. Getting away with it was another thing altogether. The movie was pretty average, I think. Into the Blast: The True Story of DB Cooper by Skipp Porteous, Robert Blevins. Is Tommy Wiseau DB Cooper? If only that was true. Read the book but don’t expect any clear-cut answers (I think most people would agree that the clumsy bastard died after he jumped from the plane). A Pickpocket’s Tale: The Underworld of Nineteenth-Century New York by Timothy J. Gilfoyle. True story of George Appo, a pickpocket living in nineteenth-century New York. Sex on the Moon: The Amazing Story Behind the Most Audacious Heist in History by Ben Mezrich. A guy steals moon rocks from NASA and then had sex on them with his girlfriend (how the hell is that comfortable?) The Stranger in the Woods: The Extraordinary Story of the Last True Hermit by Michael Finkel. The last hermit was not a hermit in true sense. He didn’t rely on land to feed himself. He stole from the nearby community. Before someone says I have spoiled the book for them, it is revealed in the first chapter that he is a thief. WHITE COLLAR CRIMES. Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou. The Steve Jobs impersonator, Elizabeth Holmes, CEO of Theranos, and her old boyfriend, Sunny, are some of the most vile people that I have come across while reading about corporate crime. This is one of the best books that I have read this year. Den of Thieves by James B. Stewart. This is probably the most famous book written about those Wall Street scoundrels. Empire of Deception: The Incredible Story of a Master Swindler Who Seduced a City and Captivated the Nation by Dean Jobb. The story of Leo Koretz, who created one of the longest running Ponzi scheme in the 1920s Chicago. The Informant by Kurt Eichenwald. Mark Whitacre becomes an FBI informant against his own corporation. But as time goes by, the FBI starts to realize that Mark is not as truthful as he seems to be, and he has his own agenda (they made a movie with Matt Damon). Octopus: Sam Israel, the Secret Market, and Wall Street’s Wildest Con by Guy Lawson. Sam Israel’s hedge fund was making heavy losses. So naturally, he fabricated fake returns to fool the investors. Then he heard about a secret market from where he could convert his millions into billions. That’s how he lost the last 150 million dollars of his invertors’ money. Red Notice: A True Story of High Finance, Murder, and One Man’s Fight for Justice by Bill Browder. Only thing you are going to learn from this book is don’t do business in Russia. The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean, Peter Elkind. Bethany McLean asked one simple question in her article when everyone else was going gaga over Enron. “What does Enron actually do?” Nobody knew. Even Enron couldn’t give a specific answer. They were not just committing accounting fraud; they were looting ordinary people by creating fake shortage of electricity and driving the prices high. The documentary is worth watching too. Stung: The Incredible Obsession of Brian Molony by Gary Stephen Ross. The guy Molony debited huge amounts of money from the bank he worked at to feed his gambling addiction. Oh, and he took the money in other people’s name who held huge accounts there. This is one of the best true-crime books that I have ever read. Three Cups of Deceit: How Greg Mortenson, Humanitarian Hero, Lost His Way by Jon Krakauer. You know the man who builds schools in remote regions of Afghanistan and Pakistan? Great guy, right? Krakauer doesn’t think so. And he’ll tell you why in this short book. The Wizard of Lies: Bernie Madoff and the Death of Trust by Diana B. Henriques. 65 billion dollars. That’s the amount that Madoff swindled from people through decades of fraud. I think I can buy a small island country with this much money. The idiot is in jail though. I don’t know, maybe after a couple of billion, skip to a country with no extradition treaty and live the rest of your life without the fear of being getting caught? But then, these types of people don’t know when to stop. OTHER. American Roulette: How I Turned the Odds Upside Down --- My Wild Twenty-Five-Year Ride Ripping Off World’s Casinos by Richard Marcus. The guy ripped-off casinos all over the world by stealing gaming chips while maintaining an illusion of a highroller to lend his eventual take required legitimacy. Breaking the Rock: The Great Escape from Alcatraz by Jolene Babyak. Written by the daughter of a guard at Alcatraz, this book tells the story of the infamous escape from the prison island. Don’t forget to watch the classic movie too. Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions by Ben Mezrich. The movie 21 was based on this book. But if you want to know the real story, without the whitewashing, you have no choice but to read this book. Disposable People: New Slavery in the Global Economy by Kevin Bales. Kevin Bales estimates that there are 27 million people worldwide who live as slaves, right now. And yes, slavery still exists in United States of America in case you were wondering. This is a depressing book. Fish: A Memoir of a Boy in a Man’s Prison by T. J. Parsell. Rape in prison is absolutely overlooked almost everywhere. Read this book if you can endure reading about helplessness page after page. Hotel K: The Shocking Inside Story of Bali’s Most Notorious Jail by Kathryn Bonella. Prison systems in developing world differ from the developed one in one regard that the guards and officials there are more corrupt and hence are likely to look the other way when something bad is going down amongst the inmates. Kerobokan Jail in Bali is one of the worst among those. The Hot House: Life Inside Leavenworth Prison by Pete Earley. The author interviewed inmates from Leavenworth Prison for two years. The book is the result of that labor. The Laundrymen: Inside the World’s Third Largest Business by Jeffrey Robinson. I have a perfect idea to launder money. Laser Tag! Robinson looks at the third largest business in the world. The book was published a while ago, but still hasn’t lost most of its relevancy. Missoula: Rape and the Justice System in a College Town by Jon Krakauer. Jon releases the Krakauer on one of the most relevant subjects of today. Rapes in colleges. These institutes would do anything to sweep things under the rug to maintain the illusion of clean image in the public eye. Newjack: Guarding Sing Sing by Ted Conover. The author worked as a prison guard for a year at one of the most notorious prisons of the United States. This book is about his experience.
Steve Wynn has been called the "unofficial king of Las Vegas."But these days, his business empire draws most of its riches from China. The billionaire gaming magnate developed towering resorts World's Largest Casino Opens in China Adjust font size: On Tuesday the Las Vegas Sands Corp., an international gaming giant, launched a 3,000-suite casino & hotel resort in Macao. Wynn Casino bonus details. Since Wynn Casino doesn’t have a promo/bonus right now, we’ll instead look at how the bonus offers at other mobile casinos work to help give you some insight into what you likely can expect when Wynn does have a bonus offer.. Many online casinos such as Caesars, SugarHouse and Hard Rock offer 100% deposit match bonuses. These bonuses are almost always capped Wynn Resorts CEO Matt Maddox shared his predictions for the future of Las Vegas in an interview this week, saying he is confident that the city will bounce back better than ever with time. Las Vegas hotel, casino operators will benefit from China reopening: Steve Wynn Wynn Resorts, Las Vegas Sands, and MGM Resorts International have operations in Macao These casinos are under the government franchise and operate under common guidelines. Macau is home to several major casino operators including Galaxy Entertainment Group, MGM China Holdings, SJM Holdings, Wynn Macau, Melco Crown Entertainment, and Sands China, which has opened huge new developments in the region. There have been no reasons to date to believe Wynn Casino is anything but a reputable online casino in the state of New Jersey. History of Wynn. With retail casinos in Nevada, Massachusetts and China, Wynn Resorts entered into the online gambling business in New Jersey in 2020. Wynn Macau is said to have been used in an online casino scheme that swindled money from investors. (Image: Wynn Macau) The China News Service reported this week that a scam marketing a new online Players should only choose online casinos that are fully licensed and Wynn Casino Macau China regulated by an independent authority. This will ensure their games are inspected and approved for fairness. Wynn Macau is another huge brick-and-mortar casino by Wynn Resorts Limited, and it features two hotel towers. The casino resort opened in 2006 and completed its second expansion in 2008. Wynn Macau casino spreads over 273,000 sq ft , making it one of the largest casinos in the world and fourth in Macau, China by total gaming space.
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