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Tuesday 08.01.17
"I'm a decent man who exports flowers." — Pablo Escobar

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Venezuela security agents seize opposition leaders from homes: family  Venezuelan security officials seized two opposition leaders from their homes in overnight raids, their families said on Tuesday, after they urged protests against a new legislative superbody widely denounced as anti-democratic. - Reuters

Today Apple will reveal its confidence in this year’s iPhone launch timing at earnings release  Apple is set to announce its June quarter earnings today in addition to its forecast for the September quarter, which could include this year’s big, new iPhone launch. Wall Street expects Apple to report $44.9 billion of June quarter revenue, representing 6 percent year over year growth. - Recode

The U.S. Economy Would Be Better Off If Men Did More Housework  New research suggests that women have less time for on-the-job labor because they spend more time doing housework than their male counterparts — so they miss out when they're working in fields that reward long hours, and it's probably dragging on U.S. productivity. - Bloomberg

Ancient vase is seized from the Met.  The Metropolitan Museum of Art was forced to give back an ancient vase after evidence indicated that the 2,300-year-old vase, which the MET bought in 1989, was illegally dug up from an Italian grave in the 1970s. - New York Times

Goldman Sachs Finds Itself in Unusual Spot: Last Place in Trading  A 40% decline in fixed-income activity, which includes bonds traded by Pimco and its ilk, left Goldman with first-half trading revenue that trailed its major banking rivals—a first since Goldman went public in 1999. - Wall Street Journal

Spotify preps to go public with 60M subscribers, outpacing Apple  Spotify has added 20 million paid subscribers in less than a year, while it’s taken Apple Music more than a year and a half to make that progress. Spotify now has 60 million subscribers, compared to Apple Music’s 27 million, as of June. - Tech Crunch

Bitcoin technology faces split, may create clone virtual currency  Bitcoin's underlying software code could be split on Tuesday to create a clone called "Bitcoin Cash," potentially providing a windfall for holders of the digital currency. - Reuters
 

  The Brutal Rise of El Mencho

Mexico’s most widespread, violent drug cartel has $20 billion dollars in savings, owns half the Jalisco police and keeps expanding. Instead of growing heroin or marijuana, they manufacture methamphetamine, which has a higher profit margin and requires no open fields. They flew under the DEA’s radar by selling in Europe, Asia and Australia instead of the US. They’re based in a coastal region with busy shipping ports and even used submarines to avoid detection. They have a complete disregard for human life. They’re called the Cartel Jalisco Nueva Generación, or CJNG, and they’re very successful.
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