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  • First Italy, Now Portuguese Banks “Unexpectedly” Need A Taxpayer Bailout

    Last December 30, creditors in Portugal’s Novo Banco received a very unpleasant parting present to 2015: a bail-in, which sent their bonds crashing from just shy of par to barely above worthless. As a reminder, Novo Banco was the “good” bank forged from the ashes of Banco Espirito Santo which had to be bailed out […]
  • Uncontrolled Refugeeism Will Be The Undoing Of Now-Ruling Political Class

    Authored by Ben Tanosborn, Donald Trump, Marine Le Pen, Viktor Orban, Nigel Farage and myriad other populist, right-wing leaders sprouting over much of the Western World, are being tagged by the political ruling class as an  ill-conceived, hate-fest phenomenon; and often portrayed as the mutant offspring of fascism.   Such interpretation, however, might be only serving […]
  • Rant: In The Throes Of Recession

    I have just finished reading Simon Kolawoles piece in Thisday. As usual he simply just painted a true picture of our present predicament as a nation. He said in four points, that we did not take advantage of the robust oil earnings during the Jonathan regime, that we squandered that opportunity handing over a lame […]
  • 2 Lessons Nigeria Has Learnt From Implementing Bad Economic Policies

    Seems like the favorite pastime nowadays is to bash economists. More recently the fate of the naira since the alleged float has been to….you guessed it…bash economists for getting it wrong. I’m not here to indulge you. But I do think it’s important, even you are not an economist, to learn. Or at least try […]Read More
  • #NigerianNews: Major Headlines (25/07/2016:AM)

    News Jonathan Is Responsible For Current Hardship, Economic Recession- Mbaka Controversial Enugu-based Catholic Priest,Rev. Fr. Ejike Mbaka, on Sunday, during his homily at Adoration Ministry,Emene, Enugu, slammed former President Goodluck Jonathan, accusing him of having ran a wasteful government which plunged the nation into its present economic recession. The cleric equally disclosed that he had […]
  • Saskatchewan city to extract water from another river due to oil spill

    Comments AA Provincial officials in Saskatchewan say a riverside city whose water supply is threatened by an oil pipeline spill is building a hose dozens of kilometres long, to draw water from another river. Sam Ferris with Saskatchewan’s water security agency said Prince Albert is constructing a line with irrigation pipe along the ground to […]
  • Hedge funds aim to cash in on Europe’s market turmoil

    Comments Print /License AA Hedge funds, always quick to take advantage of a crisis, have ramped up their offerings of Europe-focused investments this year to take advantage of perceived opportunities coming from the Brexit vote. It’s a strategy that says as much about fund marketing as potential returns. In the second quarter of this year, […]
  • Ontario to stop paying for high-dose opioids

    Comments Print /License AA Ontario will become the first province to stop paying for high-dose opioid medications under its public drug plans, as part of a measure aimed at combatting the widespread abuse of prescription painkillers. The Ministry of Health has posted a notice on its website saying all opioids that exceed the equivalent of […]
  • Quebec paralympic cyclist receives messages of support after bikes stolen

    Comments AA A paralympic cyclist whose two racing bicycles were stolen in Quebec City just weeks before the Rio Olympics said on Sunday she’s overwhelmed by the support she’s received. Marie-Eve Croteau added that police believe they may have found one of the two bicycles, but she won’t be able to confirm it’s hers until […]Read More