UPI Almanac for Sunday, March 3, 2013.
UPI Almanac for Saturday, March 3, 2012.
Greed in 21st century America is stampeding democratic capitalism. From the 2001 Enron scandal to the current $50 billion Ponzi scheme that destroyed the savings of thousands, hedge funds and derivatives that escape any transparency, and the subprime mortgage swindle that engulfed the world, the United States is now teetering on the edge of the abyss -- another Great Depression.
Fannie Mae's accounting mishaps, the renewed protest over stock option expensing and the attempt not to count the transition costs of social security reform all
A Ponzi scheme requires three things in order to be (temporarily) successful: a massive source of outside money, a sophisticated PR campaign, bloviating about its glories, and a "magic mushroom" to make people believe in it. U.S. monetary policy currently
The recent implosion of the global equity markets -- from Hong Kong to New York -- engendered yet another round of the sempiternal debate: Should central banks contemplate abrupt adjustments in the prices of assets, such as stocks or real estate, as they
Former Enron CEO Kenneth Lay on Tuesday cited the advice of his attorneys and refused to testify in front of highly critical members of a Senate committee investigating the collapse of the former energy giant.