The enrichment of bankers, corporate chiefs, flash traders and their cronies is testing tolerance of inequality, argues John Plender in the first part of an FT series
The news about narcotic painkillers is increasingly dire: Overdoses now kill nearly 15,000 people a year -- more than heroin and cocaine combined. In some states, the painkiller death toll exceeds that of car crashes.
$41 Billion: That is the total amount of money on gift cards that went, or is likely to go, unspent from 2005 to 2011.
Pinker says the world is becoming more peaceful
Steven Pinker wants you to know that violence has declined.
Despite civil wars in Africa and the Mideast, ongoing strife in Afghanistan, and the barrage of local and national crimes reported on the nightly news, people are living in a much more peaceful era than they might think.
Fourteen African countries use a currency that hurts their economies and benefits their former colonial master, France.
Three weeks ago, a rumour emerged that the CFA franc - two closely-related currencies used by 14 countries in western and central Africa - would be devalued by 35 per cent on January 1, 2012.
Katerva, a new nonprofit set up to recognize and support stand-out sustainability efforts around the world, has just announced the winner of an award competition it hopes will be like a Nobel prize in the broad and somewhat amorphous field of sustainability: Sanergy, a company that builds low-cost toilets in the slums of Nairobi, Kenya and converts the waste into fuel and fertilizer.
For the full story in Forbes go to:
Not so long ago — before casinos, currency and commodities speculation, and credit default swaps became big business — U.S. courts would not enforce gambling debts.
Restoring this principle offers a simple way to shrink the rampant speculation in derivatives that was central to the 2008 meltdown on Wall Street.
Today, Citizens for Responsibility and Ethics in Washington (CREW) and other good governance groups sent letters to members of Congress urgingpassage of the “Stop Trading on Congressional Knowledge Act” (“STOCK Act”).
Source: Common Cause | The venerable clean government organization, Common Cause, has an excellent, digestible report available on the politics—or the money in politics—concerning the “fracking” controversy. The report describes the problems with fracking:
This should be a really easy question for former MF Global (OTC: MFGLQ) CEO Jon Corzine. We should be able to ask, "So, Corzine, where is the money?" and he'd point us in the right direction.
But in the wake of MF Global's whirlwind bankruptcy, that question has been anything but easy.