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Trading Ideas

What Poland Can Teach You About Investing

There’s a Polish saying I love: “Jakoś to będzie.” It means something along the lines of “It’ll be alright.”

It might sound like passive resignation, but it refers to optimism in the face of adversity. And it suits modern Poland perfectly.

When the Soviet Union fell in 1989, Poland was free for the first time in decades.

But its economy was in shambles. Its currency was less than worthless. It would have been easy to despair.

Instead the Poles put “Jakoś to będzie” into practice and chose optimism. They aggressively liberalized the country, embracing free market principles.

Poland became Europe’s fastest-growing economy. It avoided the …read more […]

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Business News

Insys says it may be forced to file for bankruptcy due to litigation cash crunch

Insys Therapeutics Inc said on Friday that a cash crunch resulting from legal costs related to a U.S. Justice Department probe into sales practices for the company’s powerful opioid medication and other litigation may lead the company to file for bankruptcy and prevent it from completing its settlement deal with the Justice Department.

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Business News

U.S. says Huawei lawyer’s prior work at Justice Department poses conflicts

Huawei Technologies Co Ltd lawyer James Cole’s prior work at the U.S. Department of Justice created conflicts of interest that should disqualify him from defending the Chinese company in a case of alleged bank fraud and sanctions violations, U.S. prosecutors said in a filing on Friday.

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