Democracy Alert

Truth & Transparency = A Stronger Democracy

by Leave a Comment

Latest Hedge Fund Corruption News

The Morning Risk Report: Impact of New Money Laundering Rules Is Uncertain
New rules applying anti-money laundering requirements to investment advisers will impose additional compliance costs on hedge funds and other money managers, but the level of cost is uncertain because the reach and rigor of the new rules isn't yet clear.
Read more on Wall Street Journal (blog)

Donald Trump: Hedge fund workers aren't paying enough in taxes
These hedge fund guys, they move around papers, many of 'em. You know, if the market goes up they're geniuses, [if] the market goes down … they go into a different business, frankly. They're wiped out. They go into a different business,” Mr. Trump ...
Read more on Washington Times

The Poison in Further Devaluation
In a Business Day report of 22/7/15, titled "CBN may fail Hedge fund speculators' betting on Naira devaluation", Sewa Wusa, Head of Research and Development of Sterling Capital observed that "the onus lies on the CBN to devalue the Naira before it is ...
Read more on AllAfrica.com

by Leave a Comment

Latest Crony Capitalism News

Rahul slams Modi govt, accuses it of crony capitalism
Congress vice-president Rahul Gandhi on Tuesday made an attack on the Narendra Modi government, accusing it of working only for the sake of capitalists. The Congress, he said, could alone protect the interests of the country for which the party needs ...
Read more on The Hindu

Modi promoting crony capitalism, says Pasla
"The Narendra Modi-led government has only focused to give lucrative deals to corporate and capitalist institutions through anti-people policies in the past more than one year," Pasla stated. He added that the Union government believed in crony ...
Read more on Hindustan Times

by Leave a Comment

Latest Shadowstats News

Here's the real unemployment rate
Williams recreates a ShadowStats Alternative unemployment rate reflecting methodology that includes the “long-term discouraged workers” that the Bureau of Labor Statistics removed in 1994 under the Clinton administration. The BLS publishes six levels ...
Read more on WND.com

by 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