Ted, Author at Democracy Alert

August 27, 2015 by Ted Leave a Comment

Public “Affairs” – Government Employees Found on Ashley Madison

Public “Affairs” – Government Employees Found on Ashley Madison
15,000 of them were government employees from more than 20 federal agencies. The list included several Department of Justice lawyers and an IT specialist from the Department of Homeland security who used personal emails but accessed government computer ...
Read more on Chron.com (blog)

PERSPECTIVE: What do government figures mean?
Some say we are still in a recession and others say we are coming out despite a 1.8 percent rate of growth and an arguable “5.3 percent unemployment rate.” Arguable, yes! I refer to the use of statistics and numerical figures and how they are used in ...
Read more on The Daily Progress

CAPITAL GRAINS: Record wheat crop in Kurdistan region
As of July, over 802,000 tons of wheat was purchased by the government, according to ministry of commerce, at a price of $ 660 per ton, equivalent to more than $ 531.6 million. In addition to other revenues, the KRG says the region's farmers produced at ...
Read more on Rudaw

August 23, 2015 by Ted Leave a Comment

India's Banks Need the Tools to Get Tough

India's Banks Need the Tools to Get Tough
The cost of defaulting -- often willfully -- simply isn't high enough, thus creating a systemic moral hazard. There are two ways to attack this problem. First, India needs a modern bankruptcy law that can break the cycle of continuous restructuring and ...
Read more on Bloomberg View

Big banks greatest threat: non-banks
Yet even better-aligned banks, which hold most assets to maturity (rather than selling them to investors), are not immune to moral hazards. During the week the Australian Securities and Investment Commission reported that after reviewing lending ...
Read more on The Australian Financial Review

August 21, 2015 by Ted Leave a Comment

Greece Defaults… Here's What's Next

Greece Defaults... Here's What's Next
... grown at more than 1% per year since 2007; the economy is so bad, the Fed, who was supposed to be raising interest rates in March, then June, and now are still at near zero; and real unemployment is 23%, according to John Williams at shadowstats.com.
Read more on Daily Reckoning

Unemployment rate drop obscures troubling decline in Americans seeking work
The Obama administration once again is touting new data showing job growth and another drop in the nation's unemployment rate, but beneath the surface lies a more bleak picture of the U.S. economy, as more and more Americans disappear from the labor ...
Read more on Washington Times

August 20, 2015 by Ted Leave a Comment

Latest Wall Street Corruption News

Sri Lanka Chooses Change
Since many UPFA lawmakers were not loyal to Mr. Sirisena, he was unable to pass the entirety of his reform program, including tackling corruption, improving interethnic ties and blunting excesses of the executive branch. Mr. Sirisena dissolved ...
Read more on Wall Street Journal

Visa CEO Wants Independent Panel to Oversee Reforms at FIFA
U.S. prosecutors in May released a 161-page indictment that detailed broad corruption charges against 14 people linked to the organization. Visa, which is a major World Cup sponsor, previously has said it wants sweeping changes at FIFA and could ...
Read more on Wall Street Journal

Brazilian Protests: Calls For President Dilma Rousseff's Removal Amid ...
The president was the chairwoman of Petrobras during many of the years that the alleged corruption took place, reported The Wall Street Journal. As a result of the investigation, Rousseff has seen her approval rating drop to less than 10 percent about ...
Read more on Headlines & Global News