French protesters take to the streets against planned labour reforms
Protesters staged overnight sit-ins in Place de la Republique in Paris and other cities across France on Sunday. The Nuit Debout, or Up All Night movement is similar in style to the Occupy Wall street protests in the United States…
What are the Panama Papers?
C O N T E N T S: KEY TOPICS The so-called Panama Papers exposed a global web of 214,000 offshore shell companies, involving heads of state, athletes, financial institutions and criminals. (More…) Washington – With the so-called “Panama papers”…
Athens officials, creditors locked in tough talks over bailout
Athens (dpa) – Greek Finance Minster Euklid Tsakalotos was visibly exhausted Monday morning after he emerged from overnight talks with the country’s creditors in Athens, private broadcaster Skai reported, as Greece negotiates the terms of its bailout. Officials from the…
Creating far-off places to hide money, with few questions asked
WASHINGTON — The international law firm for offshores treated Michael Alfred Del Vecchio like a VIP. In just a few years, the retired U.S. Air Force officer’s clients had become a growing source of business for Mossack Fonseca, one of…
Panama Papers: The Lowdown On Mossack Fonseca
Mossack Fonseca was founded by Jürgen Mossack in 1977 and joined by Ramón Fonseca in 1986. Both were men of international pedigrees and backgrounds in the worlds of money, power and secrets. “Together,” Fonseca allegedly said to a journalist after…
New Numbers Out of Tea Party-Loving Kansas Destroy Entire GOP Economic Platform
In case you weren’t aware, the state of Kansas and Governor Sam Brownback have been sort of the “model” for utopian, tea party Republican economic policies. In 2012, Brownback passed huge tax cuts that he guaranteed would lead to tremendous…
It’s WAR: WikiLeaks Accuses Panama Papers Journalists Of Being Funded By Private Interests
WikiLeaks Criticizes Handling Of Panama Papers Leak The Panama Papers are the biggest data leak in history, but not everyone agrees with the way the information is being handled. Specifically, the pro-transparency website WikiLeaks have been critical of the decision…
Barclays Teams Up With Bitcoin Firm Circle
The partnership between Barclays and social payments app Circle, which is partly run on Bitcoin, is the first time a major UK bank has got involved in the digital currency. The UK Treasury called the deal a “major milestone” in…
Dispelling the Myth That Bernie Sanders Doesn’t Know How To Break Up Big Banks
(Photo by Chip Somodevilla/Getty Images)by Mike Conczal Bernie Sanders gave some fairly normal answers on financial reform to the New York Daily News editorial board. Someone sent it to me, and as I read it I thought, “Yes, these are…
Break Up The Big Banks – Minneapolis Fed Symposium
Richard X. Bove, Vice President Equity Research at Rafferty Capital Markets, discusses Minnesota Federal Reserve’s Symposium on “Too Big To Fail” (TBTF) banks. Break Up The Big Banks – Minneapolis Fed Symposium Absurdity Made Large The Federal Reserve Bank in…