A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers. According to The Economist, the World Bank refused to release the study. Afterward, its chief economist resigned. Here is the full content of the allegedly-censored paper.

Christine Lagarde, the head of the IMF, will become the head of the ECB. Already, she has made a fool out of herself. Following a two-day marathon in which "Spitzenkandidat" Failed and Merkel's Plan A and Plan B Dumped Lagarde will now head the ECB and give up her job at the IMF.

The backlash against Facebook's Libra project has begun. The House of Representatives' Committee on Financial Services has written to Mark Zuckerberg, Sheryl Sandberg, and the chief executive of Calibra, David Marcus, asking for a moratorium on the development of both Libra Coin itself and Facebook's bespoke wallet, Calibra.