Political turmoil in Italy spreads to global financial markets

As Europeans begin to head south for the summer, the market seems to be following them

Political turmoil in Italy spreads to global financial marketsBy Kenneth Kaczkowski and Isaac Maresky Troy Media exclusive The political trouble brewing in Italy has spilled over to global markets. The consequences are serious. As Italy’s newly-elected prime minister failed to form a government, Italian short-term bond yields had their biggest spike in 26 years. And the turmoil in Italian bond markets spread into…

Ronald Reagan’s remarkable mission to Moscow

The American president's loathing for nuclear weapons and his desire to see new freedoms in the Soviet Union framed his trip

Ronald Reagan’s remarkable mission to MoscowLate in his presidency, Ronald Reagan went to Moscow for a visit that generated some dramatic images and memorable moments. If you’d predicted this when he was elected in 1980, most people – pundits and experts especially – would’ve scoffed at you. Reagan, so the narrative went, was a dangerous cowboy, a warmonger and a…

A global uprising against rape case injustices

Something is deeply wrong with legal and political systems in which the accuser and not the accused is on trial

A global uprising against rape case injusticesTens of thousands of people marched in Spain in April, protesting for three days over a court’s failure to convict five men of the gang rape of an 18-year-old woman during the Pamplona bull-running festival in 2016. The men had offered to walk the teenager to her car but instead they took her to the…

Did Canada expel Russian diplomats for a false reason?

Foreign Affairs Minister Chrystia Freeland plays fast and loose with the facts if she believes her grandfather wasn't a Nazi collaborator

Did Canada expel Russian diplomats for a false reason?We live in a world where “fake news” is used with near-reckless abandon. But there are moments when real news gets lumped into this category. It blurs fact and fiction, and changes a narrative not for the better but for the worse. Here’s a recent example. Canada recently tossed out four Russian diplomats and refused…

Is cash doomed to extinction?

Yes, but probably not for at least another 20 to 30 years

Is cash doomed to extinction?Eliminating cash has huge potential benefits including convenience, security, and cost reduction for retailers, banks, and governments. For customers, there is the benefit of flexibility – a priority increasingly driven by younger generations more comfortable with digital technology and the online world. The combination of these forces means the need for cash has reduced significantly.…

Britain’s social (and economic) revolution

A stunning 94% of Britain’s richest made their money themselves. Land ownership no longer holds the keys to the kingdom

Britain’s social (and economic) revolutionIf you watched the royal wedding, you’d be tempted to think of Britain’s social order as immutable. While the bride’s background introduced a degree of diversity, the image of Britain as hereditarily hierarchical seemed to be alive and well. Reality, though, is different. The tectonic plates have shifted significantly over the past half-century, transforming what…

Cognac’s global reach keeps spreading

While making inroads in urban American culture and gaining a foothold in China, the industry is also innovating its products

Cognac’s global reach keeps spreadingPart 7 of our series The Business of Cognac According to the Bureau National Interprofessionnel du Cognac (BNIC), the industry’s trade association, cognac’s three largest markets are the United States (78.7 million bottles), Singapore (23.6 million bottles) and China (22.6 million bottles). Singapore has the distinction of having the largest per capita consumption of Cognac in the…

Discovering Monet’s lifelong fascination with architecture

London’s National Gallery exhibit offers rare glimpses into the artist’s examination of the play of light on human structures

Discovering Monet’s lifelong fascination with architectureOne of the great things about being a retired museum and art gallery CEO is that you know most of the basic tricks of the trade. For instance, you can get a very quick gauge of an exhibition’s successes and high points by talking with the gallery security staff. So as soon as we had…

Electric cars won’t save the world but they will destroy lives

Cobalt miners in the Congo, which has about 60% of the world’s known cobalt reserves, work for no salary and on a good day make $3 for what they finds. Deaths and injuries are common

Electric cars won’t save the world but they will destroy livesAnyone who says electric cars will save the world is dreaming. The adoption of electric cars over the next 20 years will barely shave a single per cent from the world’s greenhouse gas emissions. Meanwhile, the batteries that power these cars rely on a nightmarish swath of human devastation. Most electric car buyers who pride…

Lithuania works to break from the past, set a new course

Transitioning from a communist economy to a free-market system is no simple task

Lithuania works to break from the past, set a new courseTransition economies describes those eastern European countries that were under the grip of the Soviet Union until 1991 and subsequently moved away from a centrally-planned communist economic system toward a free-enterprise market economy. An invitation from the LCC International University in Lithuania to spend three months there as a visiting professor gave me the opportunity…