Published scoops - Economy


G20 Summit: "Tough Regulations" Or Just "Business As Usual"?

Sept. 28, 2009 - At the end of the 2 days G20 summit that was held in Pittsburgh, US president Barack Obama declared that "the world's leading nations have agreed tough new regulations to prevent another global financial crisis".

According to the Financial Stability Board, which coordinates the Group of 20 regulation initiatives, "there has been good progress in strengthening the financial system to apply lessons from the credit crunch". (read FSB report on G20 financial rules progress).

Read more »
Created by Keiros 14 weeks 2 days ago – Made popular 11 weeks 4 days ago
Category: Economy   Tags:

U.S. Banking: The End Of The Nightmare?

Seven months after the financial earthquake that shook Wall Street, after the collapse of Lehman Brothers, large U.S. banks begin to talk about profit growth and solid earnings for 2009.

Jaime Dimon, CEO of JPMorgan Chase, is proud of the performance of his bank, and says that he can now return the 25,000 million dollars that he lent from the Treasury 6 months ago.

The worst of the post-Lehman panic seems to have passed, in view of some quarterly results, better than expected, for Wells Fargo, Goldman Sachs, JPMorgan Chase and Citigroup. The strategy of "close to zero" interest rates orchestrated by the Federal Reserve seems to begin to stabilize the credit, the key step to bolster the economic upturn.

Read more »
Created by Laura 37 weeks 3 days ago – Made popular 37 weeks 10 hours ago
Category: Economy   Tags:

Movie trailer: Let's Make Money

Most of us don't know where their money really is. However, one thing is for certain: it is not in the bank, to which we entrusted it. The bank and our money is already a part of the cycle of the global money market.

After WE FEED THE WORLD, Erwin Wagenhofer presents his new film Let's Make Money, following the tracks of money through the world-wide finance system, and points out the consequences of our greed for money.

Read more »
Created by admin 37 weeks 6 days ago – Made popular 37 weeks 6 days ago
Category: Economy   Tags:

Tax Havens: The Worst Are Not Those You May Think.

During the last G20 summit held in London in April 2009, participant countries agreed, among other measures, to strengthen international cooperation in order to get rid of tax havens (aka "fiscal paradises").

According to the U.S. Government Accountability Office, a tax haven could be defined by the following statements:

  • no taxes or only nominal taxes
  • lack of effective exchange of tax information with foreign tax authorities
  • lack of transparency in the operation of legislative, legal or administrative provisions
  • no requirement for a substantive local presence
  • self-promotion as an offshore financial center
Read more »
Created by Keiros 38 weeks 1 day ago – Made popular 37 weeks 6 days ago
Category: Economy   Tags:


Networked Blogs

Scoops, bookmarking
Join my network