Germany

Where Are All The World's Billionaires?

Billionaires are the richest of the rich. Many young entrepreneurs hope to one-day reach this ultimate financial milestone. But before these entrepreneurs are allowed to join this group, they first must ask how did billionaires acquire their wealth in the first place? Take a look at the map below to see the distribution of billionaires by country and type.

Frontrunning: December 29

  • Russia's Putin says Syrian government, opposition sign ceasefire deal (Reuters)
  • Snap’s IPO Pitch to Tout Service as ‘the Next Facebook’ (WSJ)
  • What History Has to Say About the Economy Trump Will Inherit (BBG) - zero mentions of the word "debt"
  • Trump tax reforms could depend on little-known 'scoring' panel (Reuters)
  • Debbie Reynolds Dies a Day After Daughter Carrie Fisher (BBG)
  • U.S. appeals court rejects SEC's use of administrative law judges (Reuters)

US Selloff Spooks Thinly Traded Global Markets Sending Stocks, Yields, Dollar Lower

One day after the biggest drop in US stocks in two months, global stocks struggled as they tried to close out 2016 on a positive note. The dollar dropped the most in two weeks, sliding alongside bond yields, while oil retreated from its highest close in 17 months. European stocks slid from a 2016 peak on renewed concerns about Italian banks.

The EU Vs. The Nation State?

The question remains, however, why any nation would want to throw out its sovereignty to institutions that are fundamentally unaccountable, that provide no mechanism for reversing direction, and whose only "solution" to problems involves arrogating to itself ever more authoritarian, rather than democratically legitimate, power.

2016: The Terrible, Horrible, No Good, Very Bad Year

What a terrible, horrible, no good, very bad year this has been. Endless wars. Toxic politics. Violence. Hunger. Police shootings. Mass shootings. Economic downturns. Political circuses. Senseless tragedies. Loss. Heartache. Intolerance. Prejudice. Hatred. Apathy. Meanness. Cruelty. Poverty. Inhumanity. Greed.

2017: Where The Truth Lies

"When did it become de rigueur to lie to the people, let alone Congress and the UN? What have we become? When did that happen? I’m thinking there are still awfully few people who understand what’s happening in the world. What’s changing. And I don’t hold out much hope that they will until it hits them smack upside the backs of their heads."

Who Wants To Keep Gas Flowing Through Ukraine And Why?

It is hard to see the position being taken by Poland - and by those in solidarity with Warsaw over this matter (or who are clearly urging that country to embark on such initiatives) - as anything but a deliberate attempt to jeopardize Europe’s energy security...

Europol Admits ISIS Actively Targeting Refugees To Carry Out Terrorist Attacks In The EU

“Some people might get radicalised or manipulated or used or utilised by terrorist groups after they enter the EU.  Given that it is in the interests of ISIS to inflame the migration crisis to polarise the EU population and turn sections of it against those seeking asylum, some infiltration of refugee camps and other refugee/migrant groups is likely.”

The War On Terrorism Just Keeps Making It Worse

The war on terror has failed more demonstrably than most wars: al-Qaeda numbered in the hundreds in 2001, but today – along with ISIS – it has tens of thousands of fighters and supporters spread across dozens of countries. Political leaders are not blameless, but they tend to be blamed for the wrong thing.

The Suicide Of Germany

Of the 1.2 million migrants who arrived in Germany in 2014 and 2015, only 34,000 found work. The law that condemns incitement to hatred, presumably intended to prevent a return to Nazi ideas, is held like a sword over whoever speaks too harshly of the growing Islamization of the country.