The FT reports that “a cluster of central banking investors has become major players on world equity markets.”
The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held … Read the rest
The know-it-alls, don’t know much about handling their own money.
Greenpeace has fired an employee who lost the environmental charity $5.47 million in a failed gamble on international currency markets, reports ABC Australia.
Greenpeace communications director Mike Townsley said the … Read the rest
Pope Francis on Monday denounced those getting rich through speculation in financial markets.
“It is increasingly intolerable that financial markets are shaping the destiny of peoples rather than serving their needs, or that the few derive immense wealth from financial … Read the rest
by Tom Krishner and Dee-Ann Durbin
The city of Detroit, which for years paid its bills with borrowed money, is the largest city in U.S. history to file for bankruptcy protection. Here’s a look at how the city spiraled into … Read the rest
A serf in the days of King John, Max Keiser argues, was in many ways better off than some US voters in 2012.
“Because in the age of Robin Hood,” Keiser says, “at least the process of theft was transparent.
… Read the rest