Authored by Adam Tooze via ProspectMagazine.co.uk,
Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?
Authored by Nick Giambruno via InternationalMan.com,
Over 3,000 millionaires have fled Chicago in recent months.
This is the largest outflow of wealthy people from any US city right now. It’s also one of the largest outflows of wealthy people in the world.
But it’s not just millionaires… Every five minutes someone leaves Illinois.
At a time when when relations between the US and Russia are about as bad as they have ever been outside of the cold war, despite expectations for a detente under the Trump administration which have not taken place for obvious reasons, the mere thought of a Russian military plane flying above the continental US, let alone the Capitol, would prompt incredulous follow-up questions whether it had been shot down.
Now that the possibility of a war between the US and North Korea seems just one harshly worded tweet away, and the window of opportunity for a diplomatic solution, as well as for the US stopping Kim Jong-Un from obtaining a nuclear-armed ICBM closing fast, analysts have started to analyze President Trump’s military options, what a war between the US and North Korea would look like, and what the global economic consequences would be.
On Wednesday, the U.S. Treasury's Office of Foreign Assets Control announced that it was imposing sanctions on eight more Venezuelan individuals, including the brother of the late Venezuelan President Hugo Chavez, for "undermining democracy in the South American country." The Treasury statement said seven are current or former Venezuelan government officials, whom the U.S.