While the media-manufactured “scandal” of “rich people” allegedly hiding money from politicians in offshore accounts continues to be exposed as largely bogus, there have been some interesting revelations of alleged corruption among politicians and dictators to emerge from the so-called Panama Papers. The ruthless Communist Chinese dictatorship, which is censoring all news about the leak in domestic outlets, appears to be the regime with the most top level officials implicated.

Hundreds of other tyrants, politicians, bureaucrats, judges, crony bankers, officials, and their family members have also been ensnared, according to news reports about the leaked documents. Despite the lack of media attention, even the Hillary Clinton campaign, via senior Democrat operatives John and Tony Podesta and the Kremlin bank their firm represents, has been indirectly caught up in the maelstrom.

A $15 minimum wage law was passed in California, and New York's will soon follow. But high minimum wages only end up hurting the economy and the poor.

Brazil's President Dilma Rousseff’s attempts to stimulate the slowing economy through massive insertions of new debt has in fact had the opposite result.

Markit Ltd., the London-based global financial information behemoth, issued an early warning about signs of the coming recession in late February when it published its services purchasing managers’ index.

The latest data reveal that the U.S. economy is headed for a recession by the end of the year.

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