Politics

The fallout from the Venezuelan bond restructuring has claimed a major victim in Goldman Sachs Asset Management, or rather some of the “muppets” who trusted Goldman to invest their money. However, the route which led Goldman to losing a chunk of client money wasn’t just a case of bad judgement, being riddled with the usual mixture of greed, questionable ethics and government intervention. As we detailed in “Goldman Accused Of Funding Maduro’s Dictatorship”.

Only in Italy... exit polls suggest Silvio Berlusconi’s political comeback took an important step forward in the Sicilian elections on Sunday. Expulsion from public office, tax fraud, sex scandals and open heart surgery cannot stop 81-year old Silvio playing a major role in Italy’s political circus. Berlusconi campaigned hard in Sicily and Nello Musumeci, backed by center-right parties, including Berlusconi’s Forza Italia (Go Italy!), is expected to win when vote counting takes place today.

Authored by Giulio Meoti via The Gatestone Institute,

Authored by Bryan McBride via Mises Canada,

Is Korea just a smokescreen?

President Donald Trump’s 12-day Asia tour kicked off in Japan last night, where discussions between Trump and Japanese Prime Minister Shinzo Abe were punctuated by the deadly mass shooting that claimed 26 lives in a small-town Texas church. But not before Trump could engage in some customary saber-rattling aimed at his favorite verbal sparring partner, North Korean leader Kim Jong Un.