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The latest quarterly GDP figures, showing stronger growth than expected, are the latest to belie predictions of a post-referendum meltdown. Almost 60 transactions totalling $34.5 billion have been struck by foreign companies for British firms since June 23, according to Thomson Reuters data, compared with 79 deals amounting to $4.3 billion in the month leading up to the vote. Read More

Hre’s the text of President Barack Obama‘s farewell address Tuesday at McCormick Place in Chicago: THE PRESIDENT:   Hello, Chicago!  (Applause.)  It’s good to be home!  (Applause.)  Thank you, everybody.  Thank you.  (Applause.)  Thank you so much.  Thank you.  (Applause.)  All right, everybody sit down.  (Applause.)  We’re on live TV here.  I’ve got to move.  (Applause.)  You can tell that I’m a lame duck because nobody is following instructions.  (Laughter.)  Everybody have a seat.  (Applause.) Read More

FARC (Fuerzas Armadas Revolucionarias de Colombia): The Farc is the oldest and largest group among Colombia’s left-wing rebels and is one of the world’s richest guerrilla armies. The group’s roots can be traced back to the Liberal guerrilla bands of La Violencia – the civil war between the Liberal and Conservative parties that raged from 1948 until 1958. Experts estimate that FARC takes in between $500 million and $600 million annually from the illegal drug trade. The FARC also profits from kidnappings, extortion schemes, and an unofficial “tax” it levies in the countryside for “protection” and social services. About sixty-five of the FARC’s 110 operational units are involved in some aspect of the drug trade, according to a 2005 International Crisis Group report, but evidence from that period indicates they primarily managed local production Read More

Poland’s former president and democracy icon Lech Walesa said he would not hesitate to “knock off the wing” of Russian jets if he were in charge of the US destroyer Donald Cook. “If I were the commander of this ship, if these [Russian] planes were flying I would shoot them. But not to kill. I would knock off the wing,” the Nobel Peace Prize recipient of 1983 told Radio Free Europe. Read More