Bye-bye, Dubai

Bye-bye, Dubai

It’s bad enough when a person drowns in debt. Shockwaves multiply when a corporation teeters on the verge of failure. The economy becomes even more agitated when a country declares bankruptcy, as Iceland did in 2008 and Hungary and Latvia almost did in 2009. But...

Cuban Embargo: Nothing Succeeds Like Failure

Once again, Cuba has asked the United Nations to help end the U.S. economic, financial and trade embargo. Havana says this blockade cost it more than $242 million last year. The embargo also stymies Cuban access to foreign capital from other nations, because investors...