Brazil and the high price of risk

Latin America's high cost of capital is driven by political risk and weak institutions. Brazil, the region's largest economy, is the clearest example. File Photo by Andre Coelho/EPA In earlier columns, I argued that Latin America's high…
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The great disconnects and illusions

Given Russia’s staggering losses of over a million dead and wounded and the disheveled state of its military, reconstitution will never occur overnight or even in a decade or so. File Photo by Maxim Shipenkov/Pool/EPA Having spent much of…
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