TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
It has all the elements of a Hollywood heist movie: A well-known jeweler-to-the-stars and his shady accomplice. A risky gambit to exploit a banking loophole. Inside help from a high-ranking official. A $2 billion swindle. And the whole house of cards crashing down in spectacular, front-page fashion. But here’s the Bollywood twist: The well-known jeweler Read More…
Rothschild & Co. is ensuring that the business will stay in the family for a seventh generation as the current chairman prepares to hand his seat down to his son. The Rothschild banking empire will ensure that its control continues to stay within the family for a seventh generation as David de Rothschild, 75, is Read More…
Buying up equipment for their military, Iraq is in the market for some new air defense systems. This has got the potential of putting them at odds with the United States, and potentially facing US sanctions for buying the wrong product. As with other nations in the region, Iraqi Foreign Minister Ibrahim Jaafari is confirming his nation is Read More…
Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar to how large companies like Apple, or Warren Buffett’s Berkshire Hathaway, publish their own annual reports. Unlike Berkshire and Apple, though, whose financial reports typically show strong, positive results, the US government’s financial Read More…
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…
We’re not talking El Chapo or any of his drug-running buddies. We’re talking about the mega-billionaire family behind one of America’s most profitable drug-industry empires, the privately held Purdue Pharma. If the devil wears Prada, what do America’s most destructive drug pushers wear? They wear smiles. The drug pushers we have in mind here have caused Read More…