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Two more Italian banks failed over the weekend– Banco Popolare di Vicenza and Veneto Banca. (In other news, the sky is blue.) The Italian Prime Minister himself stated that depositors’ funds were at risk, so the government stepped in with a bailout and guarantee package that could cost taxpayers as
This morning I had the pleasure of spending an hour of my life tracking down a missing wire transfer that had been sent to a large, multinational bank more than two weeks ago. I’m sure you’ve been there, being passed around various departments like the village bicycle, each time having
In the latest episode of the completely psychotic breakdown of Western values, Canada’s government has just passed a law that champions sexual identity over science. It’s called C-16, “An Act to Amend the Canadian Human Rights Act and the Criminal Code”. Both of these codes prohibit discrimination against individuals based
Apparently while I was in the air yesterday flying between Asia and Europe, the financial system proved once again that it believes in magic beans. The latest absurdity is that the government of Argentina sold $2.75 billion worth of bonds yesterday afternoon. It’s not strange or unusual for a government
This is the very first article I’m writing to you on the brand new Macbook Pro that I just purchased here in Hong Kong. It’s the fully loaded version with 16GB of RAM, a 1 TB SSD hard drive, and 3.5 GHz i7 processor. Given that I actually run Linux
Yesterday I spent all afternoon meeting with government officials here in the Philippines, and I’m still in shock. I’ll explain– About a year and a half ago I purchased a fairly large manufacturing business that is oddly enough based in Australia. It’s been a fantastic investment so far, primarily because
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