Businessinsider.coom: A lucky (or perhaps irritating) few of us are seemingly born with swagger, but for the vast majority of people, confidence and ease comes with practice and accomplishment. But […]
Russian TV: Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from […]
Guardian: “Steal a little,” wrote Bob Dylan, “they throw you in jail; steal a lot and they make you a king.” These days, he might recraft the line to read: […]
Christians Science Monitor: What is LIBOR? LIBOR stands for London Interbank Offered Rate. It’s supposed to measure the average interest rate that banks charge when they lend to each other. LIBOR is […]
NY Times: The state with the country’s worst health care record just happens to have a governor who has been the loudest voice against national efforts to improve it. A […]
Daily Telegraph: Paul Tucker told MPs that Barclays’ abuse of the Libor system may be only one part of the banks’ dishonesty over crucial financial information, suggesting that other markets […]
Russian TV: Economists around the world are struggling to break free of the clutches of the financial crisis but a Canadian girl explains exactly what needs to be done. Victoria Grant, 12, became an overnight Internet sensation after a video of her slamming Canada’s banks and the government for robbing […]
Remember those dark days of 2008 and 2009? When doom and gloom were the norm? When economic catastrophe seemed imminent? When hope turned to fear, and then fear turned to panic? Well, folks, if you haven’t been closely following events recently then I’ve got some bad news for you: It […]
Daily Telegraph: Over the past three months, Qatar – a state no bigger than Yorkshire – has embarked on the financial equivalent of a £7bn supermarket sweep. It has snaffled […]
Daily Telegraph: Theresa May says “work is ongoing” to restrict European immigration in the event of a financial collapse. People from throughout the EU, with the exception of new member […]
Russian TV: European politicians failed to see that the single currency’s existence is in peril, trying to blame the system’s failures on individual countries, Aditya Chakrabortty, lead economics writer for […]
Russian TV: The chorus of anti-austerity voices grows louder in Greece as Athens scrambles to form a coalition government. While eurocrats prepare to give Greece the boot, political analyst Alessandro […]
Russian TV: If you think residing in America is taxing, just talk to one of the many expatriates who is contributing to a shocking statistic recently discovered: across the globe, […]
By Pepe Escobar Credit: Asiatimes: Goldman Sachs – via economist Jim O’Neill – invented the concept of a rising new bloc on the planet: BRICS (Brazil, Russia, India, China, South Africa). Some cynics couldn’t help calling it the “Bloody Ridiculous Investment Concept.” Not really. Goldman now expects the BRICS countries […]
Los Angeles Times: By Edmund Sanders: Rahma abu Hussein can’t help but feel they are moving up in the world. The database engineer and his wife just bought their first home, and it’s […]
Saturna Sdn. Bhd., a wholly-owned subsidiary of US-based Saturna Capital Corporation, has entered into an agreement with Crescent Wealth, Australia’s first Islamic wealth manager, to act as the portfolio manager of the Crescent International Equity Fund scheduled for launch later this year. “Saturna’s agreement with the Australian wealth management firm […]
The measures used to overcome the Asian financial crisis should not be overlooked by Europe. by Stephen S. Roach, who is Non Executive Chairman of Morgan Stanley Asia and author of The Next Asia. (AlJazeera) New Haven, CT – The austerity debate was the topic du jour at this year’s […]
Forget Europe — the weak U.S. recovery puts more than 750 domestic banks at risk of failure, according to a report from Invictus Consulting Group (via Business Wire). Invictus, which stress tested all FDIC-insured banks, says 758 lenders could collapse in the next three years, forecasting a new wave of borrower defaults in the absence […]
Finally, we’ve got some cold, hard stats on how badly banks are hurting from November’s Bank Transfer Day movement. A new report by Javelin Strategy & Research estimates a staggering 5.6 million big bank customers have switched banks in the last 90 days. Of those, the research firm says a cool 610,000 cited Bank […]
Sorry Bank of America, but this is just so funny. Funny or Die made a video poking fun at Bank of America for flip-flopping on their $5 debit card fee. Basically, the video collects a bunch of “personal stories” from “BofA customers” about how the bank treated them. Read more: