economy (5)


There is no doubt that 2016 was an adverse year. Both at the national and international levels, from the political-military crisis, to the depreciation of the exchange rate in Mozambique; The difficult management of public debt, economic and political tensions in some African countries, situations in the Ucraine and Syria, impeachment of the Brazilian President Dilma Rosseauf; The corruption scandal that was discovered through 11.5 million documents, called "Panama papers"; the USA elections th

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Penn State's shameful cover-up

Disturbing allegations of a cover-up of child sexual abuse at Penn State are a window into the way the economics of college sports can override basic decency.
AFTER 46 seasons coaching at Penn State University, coach Joe Paterno now faces a crisis that could burn the storied football program to the ground. And if recent charges are true, his legacy deserves to burn along with it.
For those who haven't heard, long
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"The chattering classes still blame desperate borrowers for not reading the fine print, but perhaps they should reserve some vitriol for Wall Street's watchdog. If there's one lesson the commission should have learned long ago, it's that booms aren't fueled by market forces alone, but also by healthy doses of fraud, deception, and unchecked opportunism. And it's invariably everyday folks who pay the price. ‘The SEC, instead of watching Wall Street, insulates it,’ notes Aguirre. ‘The subprime iss

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From the RampartsJunious Ricardo StantonSince You’re Giving Away All That Money . . .“The financial meltdown has been and will continue to plunge the working class into levels of destitution worse than those seen in the “Great Depression.” As a prelude to this banking, Wall Street and our government squanders taxpayer money on idiotic schemes to prop up bankrupt Illuminist banks, Wall Street, insurance companies and select Illuminist corporations. In that process faithful workers are thrown onto
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Twnty-Three and Counting

From the RampartsJunious Ricardo StantonTwenty-Three and Counting “WASHINGTON (AP) -- Regulators on Friday shut down First Georgia Community Bank, the 23rd U.S. bank failure this year. The Federal Deposit Insurance Corp. was appointed receiver of the bank, located in Jackson, Ga. It had $237.5 million in assets and $197.4 million in deposits as of Nov. 7. The FDIC said all the failed bank's deposits will be assumed by United Bank of Zebulon, Ga. Its four branches will reopen Saturday as offices
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