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Erwin Oropesa

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Sure, you may learn how to restore smartphones. You should purchase parts (you need to stock extra widespread ones) and you’ll watch movies on YouTube that show you … Read More

Will Europe defect to China?

Erwin Oropesa

President Biden is moving to “reengage” Europe, seeking to rebuild transatlantic ties. The Chinese regime, however, doubts he will succeed. America’s traditional allies, the Communist Party’s Global Times stated on Friday, “are economically dependent on China.”

Indeed, they are. China overtook the United States last year as the European Union’s largest merchandise trade partner. In 2020, the EU’s exports to China increased 2 percent from the year before, according to Eurostat, the trading bloc’s statistics agency. EU imports from that country jumped more than 5 percent. At the same time, the EU’s exports to the U.S. fell 8 percent and imports fell 13 percent. China’s accomplishment is all the more impressive because EU trade volume declined last year, with exports dropping 9 percent and imports falling more than 11 percent.

Beijing is continually touting its replacement of America at the top of the EU trade rankings. Xinhua News Agency

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Phil Falcone mansions head to foreclosure auction amid money woes

Erwin Oropesa

Former high-flying billionaire hedge-fund manager Phil Falcone appears to be close to losing his townhouse on East 67th Street as well as his Hamptons estate.

Newmark’s Dustin Stolly and Jordan Roeschlaub of Newmark have posted an advertisement for an upcoming sale of two entities that own the properties on behalf of the lender, Melody Business Finance, listing an outstanding loan balance of $74.2 million.

While the ad doesn’t list Falcone as the owner of the troubled entities — Croxton 2 LLC and Three-Hundreth Street LLC — he and his wife, Lisa Marie Falcone, bought the East 67th Street house in their names prior to transferring it to the LLC. They are also both listed on the Melody mortgage documents as guarantors.

Interested bidders could attempt to collect the remaining $74,251,646 on the loan or simply foreclose on the two properties. The sale will take place on April 13 the marketing

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