Free Republic

New government documents show that John Kerry’s wife, heiress of Heinz Ketchup, has millions of dollars in Chinese investments, leaving Biden’s climate change envoy facing an ethical dilemma. Kerry’s latest filing with the Office of Government Ethics in March shows his wife benefits from an investment of “at least $1 million” in a hedge fund that specializes in private partnerships and investments with Chinese government-controlled funds, the Daily Mail reports. Kerry’s wife, Teresa Heinz, is the widow of late senator John Heinz and heiress to the Heinz family fortune, which is estimated to be worth over $750 million. Kerry often...

China's plan for a new $300 billion sovereign wealth fund is as much a warning to Washington as it is a body blow to Brussels. It's the clearest sign yet of Beijing's waning faith in bonds issued by Europe and the United States. Europe's festering debt debacle, record low yields on U.S. Treasuries and a depreciating dollar all add weight to the view in China that the time is ripe to change investment tack. "China has decided that real assets are better than broken debt fix promises and low interest rates," says Paul Markowski, president of MES Advisers and a...