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Democratic Party

Obama Vows To Use Retirement To Become "Recruiting Scout" For Young Democratic Talent

Much time and effort have been spent speculating over what Barack and Michelle will do in retirement.  A few weeks ago, we noted one theory that Obama was plotting the launch of his very own "fake news" media empire (see "Obama TV: Is Obama Planning A "Fake News" Outlet Of His Own?").  Despite ruling it out several times, many have also wondered whether Michelle will follow in Hillary's footsteps and run for public office.  Or, perhaps they will just take the easy way out and start a "charity" that they use as front to personally enrich themselves with massive donations from Wall Street and

Monte Paschi "Scrambles" With Last Minute Capital Increase To Avoid Nationalization

Having picked a new prime minister to replace Matteo Renzi, when as reported this morning Italian president Sergio Mattarella asked Foreign Minister Paolo Gentiloni, a loyalist from Renzi's Democratic Party, to form a new government, the chaos surrounding Italy's political future appears to be subsiding, which as we said this morning, is welcome news for the future of Monte Paschi, as Italy's third largest bank may once again avoid a state bailout should enough private investors turn up and inject funds into the failing financial institution, the world's oldest.

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