The fiscal illusion and the rise of big government

The national ascension of Bernie Sanders and Alexandria Ocasio-Cortez as firebrands of democratic socialism has rocked the D.C. political establishment. Furthermore, recent electoral victories...

Contingent liabilities: A director’s responsibility?

In a previous article titled, contingent liabilities points for the Cayman Islands voluntary liquidator to consider, Grant Thornton explored the challenges and risk of...

Growing investor concern about Sweden

Economic policy, both fiscal and monetary, is an often-overlooked factor in investment forecasts. The role of government, even when not openly mismanaged, can easily...

Learning, prosperity and government: A case example of the National Institutes of Health

The rise of the university in the late Middle Ages and its gradual separation from rule by church dogma during the Renaissance was one...
Hong Kong

A potential travel warning

Hong Kong is undergoing a major debate over a new law that started with a murder in Taiwan and has led to a rare,...
Australia graphic - satellite image of the country given a 3D effect

Federalism, Australian Style: Federal-state financial socialism

There has been a lot of public debate this year in Australia about the federal system of government, in general, and, in particular, the...

Taiwan – the least talked about success story

Country A vs. Country B comparisons are popular to make in comparative economics. One of the most notable examples is North Korea vs. South...
South Africa

South Africa’s dangerous land confiscation game

Trouble may be brewing in South Africa. Although the African National Congress (ANC) backed off its recent land confiscation push, the threat of economic redistributionism...

Developments in Anguilla’s banking crisis: Decisions from the US and Anguillian courts

In the never-ending saga resulting from the failure in 2013 of Anguilla’s two indigenous banks and their offshore subsidiaries, recent court decisions show that...
US/China shipping containers

The original sin

The trade war with China has its roots in that country’s manipulation of its currency, its original trade-related sin. On Dec. 11, 2001, China...
World map highlighting the G-7 members and their flags.

Should Trump blow up’ the G-7? History says ‘yes’

It was widely reported by the media around the world in mid-June that U.S. President Donald Trump had “blown up” the Group of Seven...
NHC Official Track Error Trend Atlantic Basin

Predictability of Atlantic hurricanes

The 2017 Atlantic hurricane season was remarkable, including five landfalls of Category 5 storms in the Caribbean Basin, and three Category 4 strikes on...
Lone red ball surrounded by uniform black balls in a ring

Shifting the center of main interest

In the recent well-documented case of Ocean Rig UDW Inc. the company shifted its center of main interest (COMI) from the Marshall Islands to...
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Are your Islamic bonds shariah compliant? Will they be tomorrow?

In the evolving world of Islamic finance, investors need to be especially cautious, as techniques for restructuring distressed debt can be just as surprising...

The coming trade war?

Donald Trump was not the first U.S. presidential candidate to blame foreigners and their trade practices for America’s real and imagined economic woes. That...

Econ 101: Trade deficits

Responding to critics of the administration’s proposed steel and aluminum tariffs, Commerce Secretary Wilbur Ross stated on CNBC: “I think this is scare tactics...

Risk management regarding offshore trust planning

In today’s world there must be risk management for all offshore planning, not just with regards to trusts. Trusts, however, must be established properly...
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The Pimlico Plumbers case – implications for the ‘gig economy’

Employee or self-employed? This is often a gray area which creates uncertainty for employees and employers alike. The legal issues have recently been brought...

Is artificial intelligence the future of financial services?

The financial world stands on the edge of a technological revolution that will fundamentally alter the way people use financial services. The explosion of data...

Kowtowing to China

President Trump, by his own admission, has “been soft” on China’s trade practices, in the hope that its leaders will pressure North Korea to...
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