Stories by Steve LeVine

The worries of war

Photo: Hulton Archive/Getty

In a new paper, a senior European Union economist suggests anew that the political upheaval on both sides of the Atlantic could erupt into World War III, a danger that numerous scholars and politicians have flagged for a couple of years.

Details: In his paper, however, Gerhard Hanappi, a professor at the Institute for Mathematical Models in Economics at the Vienna University of Technology, describes how such a war could unfold: Between the U.S., Russia and China; in the form of multiple, small civil wars within countries; between poorer and richer nations of the world.

Filthy rich, owing no taxes

Illustration: Aïda Amer/Axios

Fortune 500 companies have begun to file their annual regulatory reports, and a pattern is emerging. After the Trump tax cut, an outsized number, led by giants like Amazon, GM and Halliburton, owe zero or very little in 2018 U.S. income taxes — or are actually due a refund.

Why it matters: Amid popular anger at establishment institutions, companies earning large profits and paying no taxes risk a serious public backlash.

The surprising next oil superpower

Illustration: Sarah Grillo/Axios

On the coast of South America, just north of Brazil, lies the impoverished former British colony of Guyana, distantly remembered for a bizarre mass suicide four decades ago that begot the term "drinking the Kool-Aid."

Why it matters: The discovery of a massive trove of oil off its shores, including two finds just this week, puts Guyana on the cusp of becoming one of the world's wealthiest nations, in the league of petro-states like Qatar.

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