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Vue lecture

How a Bank Implosion in Paraguay Ensnared a President

Prosecutors accused President Santiago Peña of funneling nearly a billion dollars of government funds to the Ueno bank as its executives made reckless insider loans.

© Jorge Saenz/Associated Press

Protesters gathered outside the home of Santiago Peña, the president of Paraguay, in Asunción, the country’s capital, on Friday.
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They Spent Millions to Keep Their Dream Cruise Afloat. It Died Anyway.

Secrecy, debt and soaring fuel costs all contributed to the Odyssey’s downfall. Here’s an inside look at how the “endless cruise” unraveled.

© Soveit Yarn/Reuters

The Odyssey, docked last week in Cambodia. Its main lender has since taken control of the ship.
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