A hedge fund called The Baupost Group made $3B after wagering on the insurance claims they bought at a significant discount from insurance companies that represent victims of the CA fires sparked by the utility PG&E--fires made worse due to climate change-fueled drought. Tens of thousands of victims are still waiting on settlement money. But insurance companies sold the claims to get paid upfront, and Baupost got billions after PG&E shares rebounded after PG&E's bankruptcy.
Danny Haiphong Donald Trump's war on BRICS is backfiring as the Russia & China-led Global South moves to dump the US dollar and build a new order independent of its dictates. Journalist and geopolitical analyst Ben Norton breaks it all down. Related: Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny
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