In Charts: Communist Cuba's Lights Dim Amid US Oil Blockade

Germany's Rent Control Is Backfiring, New Study Of 107 Cities Finds Authored by Rainer Zitelmann via RealClearMarkets, Across Europe, the housing shortage is getting worse - and left-wing parties have discovered it as a central political issue. Recently, the far-left party DIE LINKE even won the elections in Berlin, the German capital, campaigning on a demand to nationalize large housing companies. In Spain, hundreds of thousands of people have demonstrated in favor of stricter regulations. But do such measures really help? We should learn from Germany's experience, where a form of rent control...

Saudi Arabia Cancels In-Person 'Davos In The Desert' Event Amid Houthi Attacks Update(11:13ET): Saudi Arabia, having come under nearly daily ballistic missile attacks from the Houthis in Yemen, will not hold its 'Davos in the Desert' flagship investor conference in-person next week. Instead it looks to merely be an online event.  "Saudi Arabia’s Future Investment Initiative, a marquee showcase for foreign investment, was to gather the global financial elite in Riyadh beginning Oct. 26," The Wall Street Journal reports. "Organizers decided Monday that if the conference goes ahead, its sessions will be held virtually...

Our own Jonathan Newman had the opportunity to sit down with a Federal Reserve governor. The central banker's answers to Newman's questions were evasive and riddled with contradictions. It seems there is not much behind the Fed's technocratic veneer.