Archives for May 2015

May 14, 2015 by Ted Leave a Comment

White House endorses passage of USA Freedom Act

White House endorses passage of USA Freedom Act
WASHINGTON — The White House formally threw its support behind the USA Freedom Act Tuesday, fully endorsing a plan to end the government's bulk collection of personal data and replace it with a more tailored program that would allow phone ...
Read more on USA TODAY

Jindal: To Left, religious freedom confined to church walls
Potential Republican presidential candidate Bobby Jindal insists that President Barack Obama and Democratic presidential candidate Hillary Clinton interpret religious freedom as beginning and ending within church walls. A Closer Look Speaking at the ...
Read more on OneNewsNow

After more than 20 years in prison, a long road to freedom for 2 DC men
It was the strangest thing for Keith Mitchell. Weeks after his recent release from 21 years and 129 days in prison, Mitchell stood in front of a sink in a public restroom, bewildered. Mitchell didn't realize that the sinks were operated by motion ...
Read more on Washington Post

May 13, 2015 by Ted Leave a Comment

Plutocracy on the rise: Rapid increase in super PACs dominated by single …

Plutocracy on the rise: Rapid increase in super PACs dominated by single ...
Plutocracy on the rise: Rapid increase in super PACs dominated by single wealthy donors. Pro Publica · 20 Apr 2015 at 15:37 ET. Rich man lighting cigar with $ 100 bill (Shutterstock). Don't miss stories. Follow Raw Story!
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Tidal slammed as a 'plutocracy' by Mumford & Sons
Tidal might be meant for artists, but not everyone likes what's going on. With Tidal, exclusivity is traded for equity. If an artist promises to bring something unique to Tidal, they'll get a 3% stake. It doesn't scale, though — there are only so many ...
Read more on SlashGear

Salman Khan drama: It's confirmed! India is a plutocracy
The excessive action certainly resulted in a fatigue. But away from the apparent show of a 'disappointing' delivery of justice, one more thing is confirmed. That India, after almost 68 years of independence today, is a plutocracy. Ask the media, the ...
Read more on Oneindia

May 12, 2015 by Ted Leave a Comment

Latest Hedge Fund Corruption News

Weston man gets 30 months for M hedge fund fraud scheme
WESTON -- A Weston resident and former managing partner and principal of Ridgefield-based hedge fund, New Stream Capital has been sentenced to prison for engaging in a fraud scheme. Bart Gutekunst, 63, was sentenced in New Haven on May 6 by ...
Read more on Thehour.com

When .6 Billion Just Isn't Enough
One big reason - to make sure efforts are blocked to close the carried-interest loophole, assess taxes and fees on helicopter-commuting hedge fund managers doing business in New York, or establish a "Robin Hood" transaction tax on the high-frequency ...
Read more on Huffington Post

Deutsche Bank Pays .5 Billion Fine for Interest Rate Rigging
“The question remains: does the punishment fit the crime?” writes Angela McClellan of Transparency International. “We think not: why allow a company to settle when they fail to cooperate with the investigation? Also, given the gravity of the situation ...
Read more on Center for Research on Globalization

May 10, 2015 by Ted Leave a Comment

NY State Senate Leader Dean Skelos, Son Arrested on Corruption Charges

NY State Senate Leader Dean Skelos, Son Arrested on Corruption Charges
New York state Senate Majority Leader Dean Skelos and his son were arrested and charged Monday in a wide-ranging criminal conspiracy to profit from the senator's political power, marking the latest federal corruption allegations to buffet Albany and ...
Read more on Wall Street Journal