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£13 trillion hoard hidden from taxman by global elite

On July 21, 2012, in Greed, by Editor

Study estimates staggering size of offshore economy. Private banks help wealthiest to move cash into havens. – By Heather Stewart, The Guardian, UK The Cayman Islands: a tax haven for the rich and corrupt. A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore […]

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Would you fork out £17million for this bowl?

On April 4, 2012, in Value for Money, by Editor

Chinese Song dynasty dish smashes record price. – The Daily Mail, UK At a glance this plain bowl could be mistaken for something you would use to heat up your beans in the microwave without a second thought. But the simple light blue glaze with fine crackling and indents in the rim resembling a flower […]

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Why I Am Leaving Goldman Sachs

On March 14, 2012, in Greed, by Editor

- By Greg Smith, The New York Times, US TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand […]

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Robert Fisk: Bankers are the dictators of the West

On December 10, 2011, in Bank, by Editor

- By Robert Fisk, The Independent, UK Writing from the very region that produces more clichés per square foot than any other “story” – the Middle East – I should perhaps pause before I say I have never read so much garbage, so much utter drivel, as I have about the world financial crisis. But […]

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For corporate welfare queens and their crystal baths, there is no benefit cap

On November 22, 2011, in Rich and Poor, by Editor

Limited liability, offshore secrecy regimes and state handouts ensure those at the top bear none of the costs they inflict on us. – By George Monbiot, The Guardian, UK In the documentary series which finished on Friday evening, the heiress Tamara Ecclestone set out to prove that she isn’t “a pointless, quite spoilt, really stupid, […]

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Blank Banksy canvas set to fetch £60,000 at auction

On September 29, 2011, in Value for Money, by Editor

Artist Bob Law’s Nothing To Be Afraid Of V 22.8.69 may look like a blank canvas with black pen round the sides, but the 1969 work is expected to fetch up to £60,000 when it is auctioned by Bonhams next month. – Tariq Tahir, Metro, UK Law ‘had applied the seductive idea of nothing to […]

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Trader was not a hoaxer, says BBC

On September 27, 2011, in Greed, by Editor

A financial trader who appeared on the BBC and said he dreamed of making money from another recession was not a hoaxer, the broadcaster has said. BBC Website, UK Users of Twitter have cast doubt on Alessio Rastani’s credentials. But the BBC said: “We’ve carried out detailed investigations and can’t find any evidence to suggest […]

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The Greed Game – Part 7

On August 19, 2011, in Greed, by Editor

Wisdom Level:  Intermediate Overview: This video series was produced by the BBC and takes a look behind the scenes of what led to the GLOBAL Economic Recession in 2008. Commentary: BBC Economics Presenter Robert Peston does an excellent job of breaking down and explaining the finer details of how the 2008 Economic Recession began while […]

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The Greed Game – Part 6

On August 19, 2011, in Greed, by Editor

Wisdom Level:  Intermediate Overview: This video series was produced by the BBC and takes a look behind the scenes of what led to the GLOBAL Economic Recession in 2008. Commentary: BBC Economics Presenter Robert Peston does an excellent job of breaking down and explaining the finer details of how the 2008 Economic Recession began while […]

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The Greed Game – Part 5

On August 19, 2011, in Greed, by Editor

Wisdom Level:  Intermediate Overview: This video series was produced by the BBC and takes a look behind the scenes of what led to the GLOBAL Economic Recession in 2008. Commentary: BBC Economics Presenter Robert Peston does an excellent job of breaking down and explaining the finer details of how the 2008 Economic Recession began while […]

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