The timing could not be more sinister. Argentina has ruled that the neo-Nazi Partido Bandera Vecinal will be legally allowed to contest the next election.

Today we have news of a water crisis in Brazil; stock down ratings in Jordan, London, and Dubai; my advice for an Irish bookie; news on Mongolian real estate; a profit warning from Canada,a comment on Portuguese telecoms; news on the first company in our portfolio hit by Putin's Crimea land-grab; a note from Thailand; and a really raunchy new stock pick.