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Tag Archives: Money News

The Dark Heart of the Libor Scandal

Mark Vorpahl  | Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. The Libor is used ...

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The American Empire Is Bankrupt

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American ...

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Top Secret Credit Crisis Bailouts

Interesting stories are stacking up again so it’s time for some economic potpourri starting with secret dealings by the Fed. Fed Refuses to Release Bank Lending Data, Insists on Secrecy The Fed refused yesterday to disclose the names of the ...

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The Banality of Corporate Evil

By Phil Mattera Our culture worships spunky small businesses and entrepreneurship.  Stewart Parnell epitomized that ideal and was living the good life in Lynchburg, Virginia until last month, when his Peanut Corporation of America (PCA) was linked to one of ...

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A Short History of US Government Handouts

By Stephen Lendman Global economies are withering while Washington conceives “Financial Recovery Plan(s) from Hell,” according to economist Michael Hudson in his latest February 11 article. Bankers demand more trillions, “or (they’ll) plunge the economy into financial crisis.” What they ...

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‘Serial abuser’ in charge of bail-out cash

By PAUL HASTE TAX justice campaigners accused the Treasury on Sunday of handing a “dodgy” former trustee of the Liechtenstein royal family’s secretive bank control over taxpayers’ money. US citizen Glen Moreno, the chairman of the Pearson corporation, which owns ...

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