The federal debt is skyrocketing. Taxpayers, investors, and foreign allies are signaling Washington to reduce its federal deficit. The exploding federal debt threatens our national solvency. According to the Congressional Budget Office (CBO), the 2010 federal budget deficit was 1.3 trillion dollars. The CBO estimates a 1.5 trillion budget shortfall for 2011. 52 Economists worry […]
Nigeria’s Olusegun Aganga: Monitoring the increasing external debt and rising inflation
strategist@afripol.org www.afripol.org Nigeria has a new Minister of Finance, Olusegun Aganga a managing director at Goldman Sachs branch in Britain. Aganga, a free marketer has a substantial experience in private industry together with his academic brilliance, he can efficiently manage and oversee Nigeria’s financial house. The minister of finance must be ready and keen to make sure that […]
A Woeful Tale of Prince of Hyderabad
Here is a sad tale of Mir Barkat Ali Khan a.k.a Mukaram Jah Bahadur, the Eighth Nizam of Hyderabad, descendant of the Viceroys of the Deccan and heir to India’s greatest dynasty since the Mughals. It’s a saga on man who went from being the richest man in the world, the owner of Murchison House […]
GM Bankruptcy – Executives Will Lose Millions in Pension Benefits
Why did Rick Wagner fight so hard to avoid bankruptcy? Was it out of altruism or was a little voice in the back of his head saying, “Careful dude, you are going to lose that supplemental ERP pension.” Rick stands to lose $20 million. Supplemental pension plans have been a feature of the corporate landscape […]
AIG: London Office Culprit
Due to the confusion and misconceptions surrounding the AIG bonuses and the excuses that are being made now in Congress and the Executive Office regarding contracts legally with respect to our Constitution, there is quite a bit of information that has been left out by both the mainstream media and politicians in the process. As […]
AIG: Dodd’s Mea Culpa Sounds Hollow
In the continuing saga of the AIG executive bonuses which were extended last week by Timothy Geithner and the Department of the Treasury, another player has stepped up to the plate in addition to President Obama’s rather weak excuse for an apology to the American people over this "sleight of hand". Christopher Dodd, that erstwhile […]