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What do Enron, the Soros Economic Development Fund, Papa John’s Pizza, Ritz-Carlton Hotel Company, MTV, the Bank of Palestine, and Deutsche Bank have in common? They’ve all benefited from millions of dollars in taxpayer subsidies through the Overseas Private Investment Corporation (OPIC). OPIC provides loans and loan guarantees for investments in developing and emerging markets, offers “political risk insurance” (covering losses resulting from things like coups, terrorism, and expropriation), and supports funds that invest in companies doing business in emerging markets. ....
From liquor stores to restaurants, local businesses and state agencies are enacting their own micro-sanctions against Russia and in particular, President. ....