This story was on the front page of the New York Times on January 20. Pretty shocking story. But if you look into it, it’s been all over the front pages of the state press in Michigan for months. Local papers and MLive have been talking about it nonstop for at least five months — that’s […]
Diamond Resigns and LIBOR Hearings Begin
Day 2 of the Barclays Meltdown: Diamond resigns J Iddhis Bing. London July 4 In a dizzying series of fast-paced events in the City, London’s financial hub, Barclay’s Chairman, Marcus Agius, has been re-instated and Bob Diamond, the American-born CEO, has resigned. The highly unusual switch occurred when it became apparent that […]
NAIPAUL’S PIO STATUS BELITTLING INDIA
NAIPAUL’S PIO STATUS: BELITTLING INDIA Naipaul is once again in the news – this time for wrong reasons of his own; he wants PIO card from Indian government without any proof of being person of Indian origin. The government has asked the High Commission in UK for a status report after it was discovered […]
Morgan Stanley Cuts Bonuses, Boosts Pay
Back when Congress passed executive pay limits on companies receiving TARP money, experts warned [1] that the restrictions could have the perverse effect of boosting executive salaries. Since Wall Street execs get their millions through bonuses, the limits focused on the size and nature of bonuses that they could pocket, but put no cap on […]
UN-Owned Company Assisting Mujuru’s Company
A United Nations sponsored company based in Johannesburg has been providing assistance to a mine owned by one of President Robert Mugabe’s top lieutenants for the past four years in what appears to be a breach of United States legislation aimed at bringing about democratic change in Zimbabwe. The United States government, which […]
Signals From Tehran
The title of the two-page Iranian document is "Gentlemen’s Agreement." In convoluted English, it lists 11 points of understanding supposedly reached in September between Iranian negotiator Ali Larijani and his European counterpart, Javier Solana, on a temporary, partial, not-quite suspension of uranium enrichment. What’s interesting isn’t the purported agreement — Solana’s spokeswoman, Cristina Gallach, insists […]