The word ‘kleptocracy’ has been historically applied to a substrata of not-quite-failed states (Nigeria today, Indonesia under Suharto, Fujimori’s Peru) where rulers and elites have enriched themselves at the expense of raising people’s living standards. As more of the backstory around the current financial crisis comes to light, the United States is coming dubiously close [...]

[Read more →]

It took long enough. I was wondering when the Canadian media would finally cast its glance back ten years ago, to a time when our banks were pleading not penury but that they were too petite to compete with American and global rivals. It was merger mania: Royal Bank coupling with Bank of Montreal, TD [...]

[Read more →]