Morgan Stanley

Did Latin America Gradually Turn Left? Or Neoliberal?

To the superficial observer, it may be a blessing the despots and dictators, human rights abusers, like Argentina’s Mauricio Macri, Colombia’s Iván Duque; Ecuador’s Lenin Moreno; Chile’s Sebastián Piñera; to name just a few, are gone, have disappeared from the Latin American political arena, in what was made believe to be democratic elections. Good, you […]

Once a US Soldier, Always Wounded, Always Losing!

What do nations care about the cost of war, if by spending a few hundred millions in steel and gunpowder they can gain a thousand millions in diamonds and cocoa?― W.E.B. DuBois He died. In an assisted (sic) care (oxymoron) home (nope) facility/prison (yes). Homeless for a few years; he was a photographer; and his […]
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Think Brazil’s scandals have nothing to do with US banks? Guess again.

This weekend, millions of Brazilians took to major city streets (again) to protest the hydra of corruption gushing from Petrobras, Brazil’s largest oil company and the government amidst deepening economic recession. Calls for the impeachment of sitting Workers’ Party (PT) president (and former Chair of Petrobras), Dilma Rousseff filled the air.  (I can’t wait to see the frenetic state of things when I swing by there  in two weeks for talks and book research.)

If “Too-Big-to-Fail’’ Means “Too-Big-to-Jail” It Should Mean “Too-Big-to-Be”

In a couple of days, the so-called US Justice Department will be announcing an “agreement” reached with five large banks, including two of the largest in the US — JP Morgan Chase and Citigroup, the holding companies for Chase and Citibank — under which these banks or bank holding companies will plead guilty to felonies involving the manipulation of international currency markets.