China May Build Second Foreign Naval Base in Pakistan Amid Trump’s Row with Islamabad

China May Build Second Foreign Naval Base in Pakistan Amid Trump’s Row with Islamabad

China is reportedly planning to boost its military presence overseas with its second foreign naval base in Pakistan. The news comes amid a row between the US and Pakistan, with Washington freezing security funding for Islamabad. After setting up its first foreign naval facility in Djibouti in August of last year, right next to the…

Of Billionaires, Fiscal Paradises, the World’s Debt, and the Victims

Of Billionaires, Fiscal Paradises, the World’s Debt, and the Victims

Among Bloomberg’s many profitable activities there is a convenient Bloomberg Billionaires Index, which has just published its findings for 2017. It covers only the 500 richest people, and it proudly announces that they have increased their wealth by 1 trillion dollars in just one year. Their fortunes went up by 23 per cent to top comfortable…