BP looks set to create new records in recklessness as the true extent of the disaster gets out from underneath the massive spin job that has been spun to the American public.
Power companies dont actually pay their carbon liability till next year but some of them wasted no time in getting stuck into consumers .Do we all feel a bit cynical about our power companies ?
Coming on the very day that Congress considered two key financial reforms, the timing of the "flash crash" raises concerns that Wall Street is resorting to extreme tactics in its efforts to intimidate politicians who want to rein in the capital markets casino.
credit rating agencies, which bestowed AAA ratings on hundreds of billions of dollars’ worth of dubious assets, nearly all of which have since turned out to be toxic waste. And no, that’s not hyperbole: of AAA-rated subprime-mortgage-backed securities issued in 2006, 93 percent — 93 percent!
Free markets depend on truth telling. Prices must reflect the valuations of consumers; interest rates must be reliable guides to entrepreneurs allocating capital across time; and a firm's accounts must reflect the true value of the business. Rather than truth telling, we are becoming an economy of
The SEC Charges Goldman Sachs With Fraud In Connection With The Structuring And Marketing of A Synthetic CDO
The Securities and Exchange Commission today filed securities fraud charges against Goldman, Sachs & Co. ("GS&Co") and a GS&Co employee, Fabrice Tourre ("Tourre"), for making material
Modern conservatives express a deep, almost mystical confidence in the effectiveness of market incentives,
and yet they claim that this same private sector is utterly incapable of coping with a limit on overall emissions.
The recession has revealed important new consumer priorities with quality of life and peace of mind at the top and a focus on living life in a more sustainable way both from an environmental and financial point of view.
The lead singer of an Australian band criticises the policies of his record company which is restricting the visibility of his music videos and thereby reducing his income ...
Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash
A tiny tax on bankers that would give billions to tackle poverty and climate change, here and abroad
It sounds complicated, but actually it isn’t. A tiny tax on bankers has the power to raise hundreds of billions every year – giving a vital boost to the NHS, our schools, and the fight agains
Chinese authorities have seizes 170 tonnes of melamine contaminated milk products which was meant to have been destroyed in the aftermath of 2008's tainted milk scandal which resulted in a serious dent in Fonterra's reputation and the execution of two Chinese business people.
Flow data shows an abrupt withdrawal of German and Asian capital from Club Med debt markets. The EU's refusal to offer Greece anything beyond stern words and a one-month deadline for harsher austerity – while admirable in one sense – is to misjudge how fast confidence is ebbing. Greece's dram
Using a form of marketing known as neuromarketing, corporations and politicians are using MRIs, EEGs, and other brain-scan and medical technology to craft irresistible media messages designed to shift buying habits, political beliefs and voting patterns...
