The anti-establishment euroskeptic 5-Star Movement candidate won the largest share of the votes in the first round of its mayoral election. Virginia Raggi, a 37-year old lawyer running as the upstart euroskeptic 5-Star Movement won 35.6% of the vote cast Sunday in Rome, while Roberto Giachetti, the candidate for Renzi's Democratic party received just 24.7%. The two candidates will face a runoff on June 19
A multi-part Zero Hedge series compiling the corruption and manipulation perpetrated by international Banks, Mozambique's governing officials, international investors, Sovereign Nations, and the IMF/World Bank.
The European Union (EU), in partnership with Facebook, Twitter, YouTube and Microsoft, has unveiled a "code of conduct" to combat the spread of "illegal hate speech" online in Europe. However, as many have warned, the European Union's definition of "hate speech" and "incitement to violence" is so vague that it could include virtually anything deemed politically incorrect by European authorities, including criticism of mass migration, Islam or even the EU itself.
Idleness, whether forced or chosen, combined with entitlement, can lead to nothing good. You can only placate the masses with an ever-expanding welfare state and misguided monetary policy that fails to grow the workforce while enriching the haves for so long before things turn.
As expected, the peaceful transition period surrounding the new, and just as corrupt according to many, government of Brazil's new president Michel Temer did not last even a month. Yesterday, clashes erupted in Brazil with police deploying tear gas and rubber bullets on protesters opposing to the country's new interim government.
After three years of lying to us about the real nature of the government’s spying program, feigning ignorance, dissembling, and playing at enacting real reforms, it turns out that what the government really wants is more power, more control and more surveillance. As revolutionary patriot Samuel Adams observed, “It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.”
Former California Public Employees' Retirement System (CalPERS) CEO Federico Buenrostro was sentenced Tuesday by a federal judge to four and a half years in prison for accepting more than $200,000 in bribes trying to steer investments.
Rodrigo Duterte who takes over the local presidency on June 30, said that corrupt journalists were legitimate targets of assassination and should be killed, as he amped up his controversial anti-crime crusade with offers of rewards for killing drug traffickers. "Just because you're a journalist you are not exempted from assassination, if you're a son of a bitch," Duterte said when asked how he would address the problem of media killings in the Philippines after a reporter was shot dead in Manila last week.
Now that the market's fascinated dream with the regime of Brazil's new president Michel Temer is quickly turning into a nightmare, following two immediate resignations of his closest ministers over the ongoing Carwash corruption scandal, including ironically that of the country's anti-corruption minister, Fabiano Silveira, attention is gradually returning to what is truly the cause of Brazil's woes: an unprecedented economic depression.
Things for the new, just as corrupt as his predecessor president, Michel Temer got particularly awkward, not to mention painfully ironic, when none other than Brazil's Transparency and Anti-Corruption Minister, Fabiano Silveira resigned on Monday after leaked recordings suggested he tried to derail a sprawling corruption probe, the latest cabinet casualty impacting interim President Michel Temer's administration.
Americans will be celebrating Memorial Day this weekend, to honor those who fought and died for the values they have traditionally cherished the most as a nation: life, liberty and the pursuit of happiness. The world has changed dramatically in recent decades. The geopolitical situation is much more complex, with rising powers challenging America's supremacy. The intractable war on terror seems interminable. Old foes appear to spring back to life even more powerful than before. And things at home look dicey in terms of politics and economics. As we reflect upon the ultimate sacrifice that others have made, it is an opportune moment to consider a very important question: is the US winning the fight for freedom?
The problems we face cannot be fixed with policy tweaks and minor reforms. Yet policy tweaks and minor reforms are all we can manage when the pie is shrinking and every vested interest is fighting to maintain their share of the pie. Our failure stems from a much deeper problem: we optimize what we measure. If we measure the wrong things, and focus on measuring process rather than outcome, we end up with precisely what we have now: a set of perverse incentives that encourage self-destructive behaviors and policies.
If libertarians lose on the inflation issue, they are threatened with the loss of every other issue. If libertarians could win the inflation issue, they could come close to winning everything else. If they could succeed in halting the increase in the quantity of money, it would be because they could halt the chronic deficits that force this increase. If they could halt these chronic deficits, it would be because they had halted the rapid increase in welfare spending and all the socialistic schemes that are dependent on welfare spending. If they could halt the constant increase in spending, they could halt the constant increase in government power.