Vlcc

Is JPMorgan a Bank or a Government-Funded Casino?

Raymond J. Learsy | Posted 07.10.2009 | Business


Raymond J. Learsy

There is nothing wrong with a world-class bank helping in the financing of trade. But when the bank itself becomes the principal, the next financial crisis is not far around the corner.

Oil Piracy, OPEC, Saudi Arabia, You and Me

Raymond J. Learsy | Posted 12.24.2008 | Business


Raymond J. Learsy

For the first time ever, an unguarded Saudi oil tanker displacing 318,000 tons (the size of a small island), sailing off the Kenyan coast, was picked off by a band of pirates operating a motorized dinghy.