Brazil’s Mafia-Run Animal Lottery Was Invincible. Online Games Changed That.
Taiza Carine da Costa got her first taste of gambling when she was just 9. Growing up in the rundown fringes of Rio de Janeiro, Ms. Costa’s godparents would send…
Bills and Lions Give NFL Fans in Canada Reason to Cheer
About a decade ago, Mike Smith tried to capture the sour mood of the patrons in his neighborhood bar, Joe Kool’s. For years, their favorite sports teams endured winless seasons,…
UK Economy Falters as Pound Sterling Continues to Slide | naked capitalism
Yves here. With too much Trump-generated furor, we’ve managed to skip over a potentially important development, that of a possible slow-motion currency crisis/bond market temper tantrum in the UK. To…
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
In a striking sign of the Chinese economy’s stagnation, the central bank said on Friday that it had temporarily stopped buying government bonds. The central bank’s unexpected action is aimed…
Supreme Court Rebuke of Trump on Sentencing Shows Its Divisions
The Supreme Court’s rejection on Thursday of President-elect Donald J. Trump’s request to be spared from being sentenced for 34 felonies was just a few lines long, and it made…
China’s Government Bond Market Sounding Loud Deflationary Alarm. Is the Japanification China Has Warded Off Finally Arriving? | naked capitalism
Western economists and financiers have so regularly predicted a crash or zombification outcome to China’s spectacular run of growth that it’s too easy to dismiss stories about deflation risk as…
Russia keeping close eye on Trump’s claim to Greenland
EPA-EFE/REX/Shutterstock Kremlin spokesman Dmitry Peskov has said Russia is closely monitoring the situation, after US President-elect Donald Trump refused to rule out military action to take Greenland from Denmark. Peskov…
Pierre Poilievre: The man who could become Canada’s future PM
At 20 years old, Pierre Poilievre already had a roadmap for Canada. Canada’s Conservative Party leader – now 45 – laid out a low-tax, small government vision for the country…
H-1B: Visa row fuels anxiety for Indians eyeing American dream
AFP Ashish Chauhan dreams of pursuing an MBA at an American university next year – a goal he describes as being “stamped in his brain”. The 29-year-old finance professional from…
Top Iranian General Admits ‘Big’ Defeat in Syria
Iran’s top ranking general in Syria has contradicted the official line taken by Iran’s leaders on the sudden downfall of their ally Bashar al-Assad, saying in a remarkably candid speech…