US might sell boondoggle warships to allies

The US chief of naval operations has raised the idea of selling vessels with a flawed design to South American countries

A top US Navy official has come up with an alternative to scrapping recently-built warships with design and mechanical failures that make them unworthy for Washington’s use: Selling the vessels to South American allies.…

Thoughts From Davos

Former Bank of England Governor Mark Carney ditched me for Bridgewater Associates founder Ray Dalio as European Central Bank President Christine Lagarde walked past in the Congress Centre at the World Economic Forum’s annual meeting in Davos, Switzerland.…