Recent Posts

Israel aircraft hit Gaza as violence flares for 4th day

  Gaza City / AFP Israeli aircraft hit two Hamas targets in Gaza early on Saturday in response to rocket fire as the worst flare-up of violence since a 2014 war entered a fourth day. There was no immediate claim of responsibility for the rocket launch and most such fire since 2014 has been carried out by fringe extremist groups but ...

Read More »

DRC to build $100bn hydropower plant

  d r congo / Bloomberg The Democratic Republic of Congo said the developer for the first phase of the $100 billion Grand Inga hydropower project will be selected by August for construction to start by June next year. Two of the three groups that answered Congo’s 2010 call for bids remain in the running, Bruno Kapandji, head of the ...

Read More »

The misadventures of Fannie and Freddie

Gigantic government’s complexity and opacity provide innumerable opportunities for opportunists to act unconstrained by clear law or effective supervision. Today’s example, involving the government’s expropriation of hundreds of billions of dollars, features three sets of unsympathetic actors — a grasping federal government, a few hedge funds nimble at exploiting the co-mingling of government and the private sector, and two anomalous ...

Read More »
Send this to a friend