The Global Economic Recovery Is Threatened By Corruption
Yesterday, the global coalition and watchdog against corruption, Transparency International, published their 2009 corruption index. As the world economy begins to recover from last year’s melt down, and some nations continue to deal with conflicts and insecurity, it is clear that no countries are immune from corruption. The Transparency International’s 2009 Corruption Perception Index(CPI) is […]
Are We Running Out Of Oil?
According to a whistle-blower, which is a senior official at the International Energy Agency, the global oil reserves are overestimated. The International Energy Agency (IEA) is based in Paris, and is supposed to be an independent energy watchdog. According to the IEA’s whistle-blower, the world is much closer to running out of oil than official […]
IMF Forecast:Slow Recovery For The World Economy
According to the International Monetary Fund (IMF), in its global economic outlook report released today, a global recovery is underway, but likely to be slow or even sluggish in part of the world. The IMF projects that the global economy will rise by 3.1 percent next year, and attributes this likely rebound to China and […]
Banksters:Changing The Rules & Putting The Squeeze On Consumers
It doesn’t seem that the US banking industry has learned anything from last year financial meltdown. Do they care about the overall health of the US economy? No. Do they care about American consumers? Even less. Despite having received an astronomical amount of money from the tax payers in 2008 & 2009, a lot of […]
Ex-Countrywide Execs’ Firm Modifies Bad Loans for Taxpayer Cash
Among the servicers participating in the government’s mortgage modification program is a new recruit that’s not like the others. PennyMac, a firm founded by the former president and chief operating officer of Countrywide, buys distressed home loans on the cheap with the goal of modifying them and later selling them for a profit.
