China’s Takeover of the Port of Piraeus in Greece

In mid-2016 the Chinese ocean shipping company COSCO succeeded in acquiring a controlling stake in the Greek port of Piraeus. This was the culmination of more than a decade of preparation and prior part ownership, and it represents an important piece in the complex jigsaw of China’s One Belt One Road internationalization strategy linking Europe [...]

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Equifax Executives Sold $1.8M in Stock Before Disclosing Massive Data Breach

the credit reporting agency Equifax said Thursday that a software vulnerability left personal information for 143 million people exposed to hackers, in one of the largest data breaches in U.S. history. Equifax said the information included Social Security numbers, driver’s license information, credit card numbers and other data. Bloomberg reports that just days after learning [...]

What Happened to America’s Wealth? The Rich Hid It

If you find yourself traveling this summer, take a closer look at America’s deteriorating infrastructure — our crumbling roads, sidewalks, public parks, and train and bus stations. Government officials will tell us “there’s no money” to repair or properly maintain our tired infrastructure. Nor do we want to raise taxes, they say. But what if [...]

Amazon pays warehouse workers $233 per month in India

On June 25, Amazon CEO Jeff Bezos met with Indian Prime Minister Narendra Modi in Washington DC alongside over a dozen other corporate leaders. After the meeting, Bezos tweeted that the meeting was “terrific” and that he was “energized by optimism and invention in India.” He pledged to expand Amazon’s already $5 billion investment in [...]

Venezuela’s Maduro says will shun U.S. dollar in favor of yuan, others

Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to “free” itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies. At the strongest official rate, one dollar buys just 10 bolivars, but on the black market the dollar fetches 20,193 [...]