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In The News

We Once Cheered Ortega: Revisiting History In Nicaragua

None should be more dismayed by Daniel Ortega’s despotic slide than those who hailed his revolution as a triumph of democratic socialism, some 40 years ago.

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Economy Future

Central Banks Are Not Cut Out For Cryptocurrencies

NEW YORK — Should central banks embrace cryptocurrencies, or even pioneer their own? In a nutshell, no. Crypto assets are an unusual innovation, still in flux and often poorly understood. Trying to centralize them in a bureaucracy is exactly the wrong way to go. Yet China’s central bank claims it is working toward a blockchain-based digital currency. Singapore has already experimented in this direction. The phrase “Fedcoin” is sometimes bandied about, though I’ve seen no concrete sign of the U.S. Federal Reserve jumping on this bandwagon. In its recent quarterly review, the Bank of International Settlements asked central banks to […]

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Economy Geopolitics

African Blood Diamonds For Sale On Facebook And WhatsApp

They don’t hide in the abyss of the Dark Web. From Bangui, Beirut, Bordeaux or elsewhere, they use social media to promote their products and services. They are blood diamond community managers from the Central African Republic, traffickers of gems that cannot be legally exported and that are for sale on Facebook and Whatsapp. One […]

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