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's wife as "first vice president." Modern authoritarian systems are employing these blunter methods in a context of increased economic fragility. Venezuela is already in the process of political and economic disintegra- tion. Other states that rely on energy exports have also experienced setbacks due t
also extends special thanks to Elen Aghekyan, Tyler Roylance, Alexandra Cain. Danielle Recanati, Amy Slipowitz, Alan Williams. Christopher Walker, Bret Nelson. Michael Johnson, Rebeka Foley. Zselyke Csaky. Sarah Repucci, Vanessa Tucker. Robert Ruby, and Daniel Calingaert. THE AUTHOR Arch Puddington is Di
January 2017 HOUSE_OVERSIGHT_014532 --- PAGE BREAK --- Sharmin Mossavar-Rahmani Chief Investment Officer Investment Strategy Group Goldman Sachs Brett Nelson Head of Tactical Asset Allocation Investment Strategy Group Goldman Sachs Additional Contributors from the Investment Strategy Group: Matthew Weir
Page: HOUSE_OVERSIGHT_014533 →hina, South Africa and Brazil—have negative outlooks from at least two rating agencies, raising the potential for downgrades.! A potential default by Venezuela and its national oil company could also sour sentiment, as could unfavorable tariffs or trade restrictions from the new US administration. Finally, t
Page: HOUSE_OVERSIGHT_014607 →Meeting 12 m November 2016 Agreed Cut 1.0 0.8 0.6 0.4 0.2 0.0 -0.2 -0.4 ran raq Libya UAE Total Algeria Angola Ecuador Kuwait Nigeria Qatar Saudi Venezuela Data as of November 30, 2016. Source: Investment Strategy Group, Bloomberg, OPEC. Exhibit 97: US Energy Sector Ratio of Capital Spending (Capex) to
Page: HOUSE_OVERSIGHT_014608 →FH_Authoritarians_Report_2017.indd
or also extends special thanks to Elen Aghekyan, Tyler Roylance, Alexandra Cain, Danielle Recanati, Amy Slipowitz, Alan Williams, Christopher Walker, Bret Nelson, Michael Johnson, Rebeka Foley, Zselyke Csaky, Sarah Repucci, Vanessa Tucker, Robert Ruby, and Daniel Calingaert. THE AUTHOR Arch Puddington is Di
Page: HOUSE_OVERSIGHT_019234 →large economic entities closely tied to the state. But there are also K Street representatives for Russia, Kazakhstan, Azerbaijan, Turkey, Ethiopia, Venezuela Hungary £ @ et 2 £ @ A) remy t and practically all of the authoritarian states in the Middle East. The toxic combination of unfair elections and
Page: HOUSE_OVERSIGHT_019236 →Entities connected to both Venezuela and Brett Nelson

Jeffrey Epstein
PERSON
Donald Trump
PERSON
United States
LOCATION
George W. Bush
PERSON
Prince Andrew
PERSON
Barack Obama
PERSON
Marc Rich
PERSON
Bill Clinton
PERSON
George Mitchell
PERSON
Vladimir Putin
PERSON
Hillary Clinton
PERSON
Philippines
LOCATION
David Cameron
PERSONKremlin
ORGANIZATION
Malaysia
LOCATION
Middle East
LOCATION
Alan Dershowitz
PERSON
Rudy Giuliani
PERSON
Ronald Reagan
PERSON
Alfredo Rodriguez
PERSON