Africa

Content originally published at iBankCoin.com

Back in the summer of 2012, we had some fun when we reported that Whitney Tilson - the consummate, if always late immitator of other prominent investors especially Warren Buffett and Bill Ackman - following several years of abysmal returns, closed his then-hedge fund T2 (with Glenn Tongue), splitting off into his own, oddly-named venture, Kase Capital. Well, Whitney - who in recent years was better known for his bizarre family photos from Africa than managing money- has done it again and according to the WSJ, Tilson closed his hedge fund...

Just days after The Economist primed the world with its narrative that sending 1.2 bilion unskilled Africans to Europe would increase global GDP, The EU's executive has unveiled plans to resettle at least 50,000 refugees, focusing on people from northern Africa, to bypass smugglers.

As we noted previously, The Economist's argument is plain idiotic.  

 

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Paul Craig Roberts

Despite clear evidence that Washington has chosen the path to conflict with Russia and China, European governments have not objected. Poland, Ukraine, and the Baltics even seem to demand more conflict or a quicker path to conflict. The European peoples themselves have not elected leadership that is willing to repudiate vassalage to Washington and conduct a rational foreign policy toward Russia.

Via GEFIRA,

The Economist ran a couple of articles promoting migration as good for the global economy.