Morning Call: January 12, 2016 Taxing the poor and stupid, US government mafias earn $59b yearly. Hollywood Sean Penn idolizes El Chapo drug lords of old nostalgic mafias. They have moved into government and Wall Street long ago. Former China deputy security minister sentenced to 15 years jail. Spain Princess Cristina stands trial on tax fraud charges. Alcoa kicks off earnings season, poor results, though accounting legal fraud keeps them afloat. Emblematic of things to come. Oil carnage continues.
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