Congo forces leaders to pay taxes – ours?

The Democratic Republic of Congo, faced with a fiscal crisis, is now forcing their leaders to pay taxes. Reuters reports
Amid a growing budget shortfall, the government is under pressure to cut costs and boost tax revenues.
Budget Minister Michel Lokola told Reuters that last month’s decision to tax government salaries at source, rather than rely on [...]

CEO of drug enterprise busted in Winnetka – updated

Yes, the darlings of Winnetka have done it again. a mere two blocks from New Trier High School, the training ground for the future CEO’s of America, an enterprising 21 year old, Mark Elliot Mansheim, was arrested Wednesday and charged with “production of marijuana plants, marijuana possession and manufacture of marijuana, all felonies,” according to [...]

Clinton, Rubin and Summers, Graham, Leach and Bliley – thank you

In the early 1900’s, commercial banks began to establish security affiliates that floated bond issues and underwrote corporate stock issues. (In underwriting, a bank guarantees to furnish a definite sum of money by a definite date to a business or government entity in return for an issue of bonds or stock.)
Then the stock market crashed.
In [...]

So why are we asking the experts anything?

NABE, the National Association of Business Economists, today released the results of their annual member survey. Reuters reports they predicted “the recession-hit economy would begin to recover in the second half of this year, returning to a potential growth trend in 2010.”
I wondered who these people were, and if they were the same people that [...]

A criminal conspiracy by any other name…

I stumbled today, on the stock broker fraud blog which apparently keeps track of all the dirt on Wall Street. After reading an article about former UBS Securities LLC Executive Director Mitchell Guttenberg, who was ordered to “forfeit $15.81 million in alleged illegal profits, as well as serve 78 months in prison” for an [...]