Merry Christmas to all visitors! Here’s the Carnival,
That change is likely to make a terrible situation worse. It suggests that Mr Levy lost an argument within the government about whether austerity is the right cure for Brazil’s sickly economy, and that he lost it not because his economic remedy was wrong but because it was politically unpalatable.
Mr Li is one of seven officials with Fifa, world football’s governing body, who were arrested in Zurich in May, amid a huge corruption investigation.
Open-borders money backs Marco Rubio
Iran Taking Over Latin America
New traffic laws in the DF,
Cambridge University graduate killed in psychedelic ceremony in Peruvian Amazon. Unais Gomes, a 26-year-old high-flying London financier, was killed by a friend during ayahuasca ceremony near the jungle city of Iquitos
Some warn that Puerto Rico could be a test case for the rest of the country, paving the way for troubled states like Illinois to escape unsustainable debts.
Stephen J. Spencer, a restructuring expert representing Puerto Rico bondholders including some hedge funds, said letting the government renege on agreements with hedge funds and other investors would set a dangerous precedent, undermining the integrity of the bond market.
“It’s really a wealth transfer from the bondholders to the municipalities,” Mr. Spencer said.
The bondholders include large numbers of retirees.
Roberto Rincón trades his little Woodlands house for a jail cell. Roberto Rincón, the enchufado of Tradequip and Ovarb Industrial fame, is spending tonight in a Houston-area federal jail cell awaiting arrainment [sic] on money laundering charges.