From the Caves of the Vatican where they launder money, I got a message in a communion wafer from an editor about the latest scandal involving the IOR Bank. André Gide writes: “Papa Baruch [Pope Benedict] is...
Read MoreA famous Jewish story tells how Moses returns to life and sits in the back the room during a class in Talmud run by Rabbi Akiba (at the time of the Roman Occupation of Israel, around the year zero). Moses does not...
Read MoreToday’s blog is late because I had to deal with a virus infestation on my desktop. Michael Kurtz of Macquarie Securities (of Australia) comments on China which is only indirectly related to Pres. Obama’s...
Read MoreThe last time I was in India, on the domestic flight from Varanasi to New Delhi, a sign warned passengers about what would not be allowed in cabin baggage. Among the unexpected things banned on board were: bows and arrows,...
Read MoreA group of foreign officials toured the future site of the Commonwealth Games in India and found the athletes’ rooms filthy and uninhabitable. The games start Oct. 3 if anyone shows up. A footbridge to the site...
Read MoreBrian Miller, an ageist reporter from The Globe and Mail (Toronto) interviewed David Orrell, a fellow-Canadian and mathematician, who “has delved deeply into the world of economics and found more holes in it than in...
Read MoreRisk aversion is getting out of hand, with gold, Euro, and T-bills being bought mindlessly. A better investment posture, I think, is buying stocks with growth in earnings, current or potential. Here is Chris...
Read MoreRussia’s Federal Service for Financial Markets, the market regulator, has revoked the license of the Moscow Central Depository, a local registrar, following an audit conducted by the FSFM. The revocation...
Read MoreOnly Keynes’s animal spirits can intoxicate our hung-over economiesNeither increased government spending nor austerity can solve the world economy’s problems on their own. We must give entrepreneurs a reason to...
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