A new type of hedge fund was invented in the mid-1990s. It was eponymously called ‘vulture fund.’ These funds are used to ‘buy debts racked up years ago by the poorest countries on earth, almost always when they were run by kleptocratic dictators, before most of the current population was born.’ They buy the debt [...]
According to a very new law enacted in Afghanistan, it is legal to starve a wife who refuses sex. This is already a watered down version of the original bill that stipulates for a wife to have sex with her husband four days in a week. This law was signed just as Hamid Karzai was [...]
The father was one of Africa’s most brutal warlords who started his country’s civil war. He also funded the Revolutionary United Front (RUF), Sierra Leone’s former rebels. He sold the rebels’ diamonds and bought weapons for them. According to a UN estimate, the UK alone bought up to $125 million worth of diamonds a year [...]