Epstein Secrets

997; equities expensive 31 Malaysia — low-beta but fundamentally without merit 33 Thailand — tempting only to a tactical contrarian 34 Philippines — superior fundamentals more than priced in 35 LATIN AMERICA 37 Brazil — cheap but fundamentals continue to deteriorate 37 Mexico —

f Pharamstand and the tariff freeze which was imposed on the utility sector. Going forward, there are major risks for the big state owned banks and Gazprom if the economy continues to deteriorate, since these companies will be under an obligation to help the state fulfil its social obligations, regardl

calculations proved wildly misplaced. Opposi- tion parties swept to victory in country after coun- try—in Uruguay, Argentina, Nicaragua, South Korea, the Philippines, Poland. The word “stunning” made a frequent appearance in news accounts, as in the stunning rejection of the ruling party in Poland, or the stunnin

thrown by military officers who drew on the support of civilian democracy advocates. Later peaceful revolutions overcame authoritarian regimes in the Philippines, South Korea, Chile, and Poland. In the 21st century, however, the definitive events behind the new label took place in Georgia (2003) and Ukraine (

/story/2017/03/michael-flynn-lobby-turkey-235843. 21. Ben Stewart, “When Russia Declared War on Greenpeace: The Story of the Arctic 30 Captured on a Gazprom Drilling Platform and Sentenced to Years in Jail,” Independent, April 11, 2015, http://www.independent.co.uk/news/world/europe/when-russia-declared-

likely have shrunk to below 120 million and perhaps as low as MS milan (roughly the size of Mexico Natural population growth of Russia since 1950 or Philippines today). == Birth rate ™==Death rate == Natural growth - Putin has also promised to increase military spending by $770 billion between now and 2020.

plants and ci oenied apy eS las | facilities O | TO CHINA rate DALNERECHENSK » TOCHINA ay aie UWLAN-baTOR (_) | fo A MONGOLIA CHINA | | Source: Gazprom Deutsche Bank Francis J. Kelly Global Public Affairs [email protected] 21 HOUSE_OVERSIGHT_026815 --- PAGE BREAK --- China’s Siberian energy pl