Post 9/11 Wars Most Expensive In US History
Iraq and Afghanistan War Expenditures President Bush’s Global War on Terrorism has especially come at a high price to the United States, and the total amounts are staggering to say the least. The phrase was coined by Bush on September [...]
Iran–Pakistan Pipeline Completed By End Of 2014
Despite ongoing pressure from the U.S. government to abandon the project, the Pakistan government has opted to go on with the construction of the Iran-Pakistan Pipeline (India has backed out for now), which is scheduled to be completed by the [...]
The Banking Crisis That Started It All
The banking crisis that started it all—the savings and loan crisis—is a story that many Americans are completely unaware of today. The S and L crisis contributed to the large deficits of the early 1990′s, and that debt-ridden alignment has [...]
FAIL: Repeal Of The Glass-Steagall Act
We should all stop for a moment and give thanks to the people who caused the financial meltdown of the 21st century. The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, was enacted November 12, [...]
IMF Economist Peter Doyle Has Resigned
International Monetary Fund (IMF) economist Peter Doyle has resigned. In his resignation letter, Doyle explained his parting: “After twenty years of service, I am ashamed to have had any association with the Fund at all.” In reality, the attempt to [...]
PFGBest Scandal Breaks After 20-Year Fraud
The PFGBest (Peregrine Financial Group) scandal breaks out and CEO Russell Wasendorf, Sr. has been arrested. Wasendorf attempted suicide and he did leave a suicide note. In the note he states that “the forgeries started nearly twenty years ago.” Federal regulators have almost completely shut down [...]
Lying Inconsolable Banksters Or Robbers
The Libor (Lying Inconsolable Banksters Or Robbers) scandal is yet another financial trainwreck that literally affects everyone around the world. Barclays, a British multinational banking institution headquartered in London, was fined a total of $450 million, or £290 million, for manipulating [...]
Solar Power Boom About To Happen?
I’m sure if we look back at history, there were a lot of critics that came out of the woodwork when electricity was first being marketed. Disruptive technology is sometimes hugely unpopular. The populist sector will often foster resistance that prohibits current, [...]
When Kennedy Stood Up To Wall Street
In 1962, President John F. Kennedy stood up to Wall Street in a big way. Kennedy denounced the steel industry for raising prices on steel. His action followed a deal — a contract with the United Steelworkers and big steel. The initial agreement [...]
Goldman Sachs Executive Director Resigns
Why I Am Leaving Goldman Sachs, Toxic Environment Greg Smith is resigning today as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa — Via The New [...]
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