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Exclusive: IRS hires hundreds for new wealth unit | ReutersA new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the ...
JDP
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5 days ago
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Somali sea gangs lure investors at pirate lair - Yahoo! NewsIn Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate. Heavily armed pirates from the lawless Horn of Africa nation have terrorised shipping lanes in the Indian Ocean and ...
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2 weeks ago
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World markets steady after UAE central bank pledge - Yahoo! NewsWorld stock markets steadied Monday, particularly in Asia, as concerns about a possible default in Dubai were soothed by a pledge from the United Arab Emirates' central bank that it will stand behind local and foreign banks. Last week's announcement from Dubai World, a government investment ...
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2 weeks ago
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Chinese energy producers soar after record snows, Asian banks dip -- DailyFinanceIn China, shares in energy producers surged as the country plowed itself out from under heavy snow and the national Heating Office was forced to turn household heating on a full two weeks before the normally scheduled date due to extremely low temperatures. The added demand for fuel and ...
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4 weeks ago
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Challenges of Regional Integration - Walden Bello(Speech at the Conference on “Regional Integration: an Opportunity Presented by the Crisis”, Universidad de Deportes, Asuncion, Paraguay, July 21-22, 2009.) Globalization has ended in massive failure. One response to this crisis has been to dump export-oriented industrialization and ...
Giorgio Bertini
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3 months ago
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Shanghai swoons more than 4%, Tokyo off 0.8% - MarketWatchShanghai stocks dropped 4.3% Wednesday, leading a broad Asian selloff for the second time this week, amid concerns over further tightening in credit conditions and a lack of market-supportive measures from Beijing. Chinese resource companies posted some of the biggest losses, particularly ...
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4 months ago
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The Confidence Game by Kenneth RogoffSo what is the game plan now? There is talk of regulating the financial sector, but governments are afraid to shake confidence. There is recognition that the housing bubble collapse has to be absorbed, but no stomach for acknowledging the years of slow growth in consumption that this will imply. ...
Giorgio Bertini
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4 months ago
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Asia’s Place in 21st Century Global Governance - Part I & IIWith ever greater economic power, how will Asian countries influence international politics? In the first of a two-part series, Jean-Pierre Lehmann describes the importance of the diverging cultural and political scenarios in major Asian players such as India, China, South Korea and Indonesia.
Giorgio Bertini
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4 months ago
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The Federal Reserve’s Exploding Balance SheetIn mid-September, following the stunning failure of Lehman Brothers, the Federal Reserve scrambled to buy bonds and make emergency loans to financial institutions to prevent a further collapse of credit markets. Suddenly its long-stable balance sheet ballooned from $800 billion to $2.2 ...
Giorgio Bertini
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4 months ago
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Jubilee USA - Joining hands to break the chains of debtJubilee USA Network is an alliance of more than 80 religious denominations and faith communities, human rights, environmental, labor, and community groups working for the definitive cancellation of crushing debts to fight poverty and injustice in Asia, Africa, and Latin America. Jubilee calls ...
Giorgio Bertini
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4 months ago
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