“If Argentina were in a high-stakes chess match, the country’s actions this week would be the equivalent of flipping over all the pieces on the board”. – David Dayen, Fiscal Times, August 22, 2014. Argentina is…
Tag: funds
A major push is underway to drive even more oppressed and working people from the city On June 13 demonstrators rallied outside the Detroit Water and Sewerage Department (DWSD) located downtown. This day represented the…
If you go and ask the “average” Australian on a Melbourne or Sydney street who owns the banks and large public companies in Australia, most will answer “Australians through superannuation and mutual funds”. This belief gives Australians a sense of pride in “Australian private enterprise”, and may even assist Australians grudgingly accept high bank charges and interest rates; “after all we own the banks”. However if one examines the annual reports of most of the large Australian public companies, names like HSBC, JP Morgan, Citibank, and BNP are very prominent in the tops 20 shareholders lists. There has been a major shift in the Australian corporate ownership-scape over the last decade. And a silent one at that.
As stocks have risen in recent years, the big hedge funds and the “too big to fail” banks have used borrowed money to make absolutely enormous profits. But when you use debt to potentially…
Former money manager Ann Barnhardt, who in November of 2011made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a…
How many Americans could identify the National Endowment for Democracy? An organization which often does exactly the opposite of what its name implies. The NED was set up in the early 1980s under President Reagan…
In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15th: Financial market cynics have assumed all along that Dodd-Frank did not end “too big…
The creation of the euro zone may have given participants one currency, but it created other problems as well. One interest rate was supposed to fit all. Those sovereigns on the financial periphery of the…
European politicians, bureaucrats, bankers and assorted other lose more and more credibility each day as we are inundated each day with more lies and deliberate misdirection regarding the course of financial events within the European…
BEIJING – A town in Anhui province has been found to be inflating the number of residents in “sinking villages” in coal mining areas in order to get more relocation funds. In Panji township, Huainan…