Most people assume that the fourteenth century Black Death that quickly ravaged the western world was a bacterial bubonic plague epidemic caused by flea bites and spread by rats. But the Black Death killed a high proportion of Scandinavians where it was too cold for fleas to survive.
Since the fall of the Soviet Union, Russia has suffered from capital-flight out of the country. But with Western sanctions starting to bite, the modern capital-flight is only $100 billion in cash draining out; it also includes a brain-drain of a number of the nation’s top entrepreneurs leaving. This flight is forcing Moscow’s upcoming budget […]
The California Bureau of State Audits set off a scandal on June 1st by disclosing that the State Controller’s Office made accounting misstatements amounting to $31.65 billion. The timing of the announcement may be devastating to the Democrats who expected to use their super-majority to pass billions of dollars in increased spending, but may now […]
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The bloody crisis between the pro-Western two thirds of Ukraine and pro-Russian third of the country is about taxes.
The Yellen Federal Reserve is more concerned about inflation taking off than the Bernanke Fed. If inflation moves up, the Yellen Fed will raise short term interest rates and slow the economy.
The highly prestigious journal Nature reported that a team of researchers from five Swedish universities, led by Karolinska Institute and the Science for Life Laboratory, have identified a new way of potentially treating all cancer cells.
With the Veterans Administration (VA) about to face hearings on Capitol Hill regarding preventable deaths in their system, the Center for Investigative Reporting (CIR) released a report exposing the VA ha secretly paid $200 million to settle nearly 1000 wrongful deaths over the decade following 9/11.
The Bureau of Economic Analysis announced that despite a huge 4.6% quarterly cut in federal spending over the months of October, November and December, the private sector economy accelerated by a roaring 3.6%.
Stock markets around the world fell today, led by the 246 point dive, or 1.5%, for the U.S. Dow Jones Industrial Average and the 1.9% drop for German stock market index. Analysts generally pointed to worries about a shrinking Chinese lending and the potential trade war between Russia and the West, but I am more […]
A North Korean-flagged oil tanker appears to have loaded oil at the Libyan rebel held Es Sider oil terminal southwest of Benghazi and escaped Libyan Navy pursuit. Libya’s Parliament voted earlier in the day to remove Prime Minister Ali Zeidan from office for failure to stop rebels holding the eastern coast of Libya from exporting […]
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